Citi Group Global Markets Mauritius has acquired 3.12% stake in Brigade Enterprises for Rs 19.99 crore. It purchased 3.51 million shares at a price of Rs 56.95 from Royal Bank Of Scotland Asia Merchant Bank (Singapore) at the NSE.
As on September 30, 2013, the promoters holding in the company stood at 57.67% while institutions and non-institutions held 5.91% and 36.42% stake in the company, respectively.
Brigade Enterprises is a flagship company of Brigade Group, which is one of South India's leading property developers. The company has completed 67 residential, commercial, retail and hospitality projects, covering over 6.74 million square feet of developable area.
