Reliance Capital buys into Trinethra

Anil Ambani Group company Reliance Capital has acquired a 4.98 per cent stake in an infra developer Trinethra Infra through an open market transaction. Reliance Capital has acquired 16,08,000 equity shares of Trinethra Infra Ventures Ltd, equivalent to 4.98 per cent of capital by secondary market purchase.

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The company did not provide further details such as deal date and about the price at which these shares were purchased. However, based on current share price of Trinethra Infra the deal may be around Rs 9 crore. Trinethra is specialised in infrastructure development and build highways, construct apartments, shopping malls and hotels.