Nomura Singapore sells 2.09 million shares of HDIL

Nomura Singapore has offloaded more than two million shares of the Mumbai-based real estate firm Housing Development and Infrastructure (HDIL) through an open market transaction. The brokerage house has sold 2.09 million equity shares, representing 0.50% stake in the company, at Rs 105.95 per share via a block deal.

Earlier on April 4, Nomura bought 4.41 million equity shares, representing 1.05% stake in the company, at Rs 67.45 per share via a block deal.

As on March 31, 2014, the promoters holding in the company stood at 36.17% while institutions and non-institutions held 38.54% and 25.29% stake in the company, respectively.

HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).