Authum Investment and Infrastructure has picked up a 1.9 per cent stake in DB Realty for Rs 100 crore through open market transactions. Authum Investment and Infrastructure bought 40 lakh shares each on both the bourses in four tranches. The shares were acquired in the range of Rs 123-127 apiece on the NSE and BSE, taking the combined transaction value to Rs 100 crore.
D B 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.
