Rakesh Jhunjhunwala’s firm has acquired more than one million shares of the Mumbai-based real estate firm DB Realty through open market transaction for Rs 11.27 crore. RARE Enterprises, led by Rakesh Jhunjhunwala acquired 1.25 million shares of the company at an average price of Rs 90.21 apiece on October 12.
DB Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.