Moneycontrol
Jan 11, 2017 08:34 PM IST IST | Source: PTI

Swiss Finance sells Indiabulls Housing Fin shares of Rs110-cr

According to block deal data available with BSE, Swiss Finance Corporation sold a total of 16,06,267 shares, or 0.38 percent stake, of Indiabulls Housing Finance.


Swiss Finance Corporation (Mauritius) Ltd today offloaded more than 16 lakh shares of Indiabulls Housing Finance for an estimated over Rs 110 crore through an open market transaction.


The shares were purchased by Societe Generale.


According to block deal data available with BSE, Swiss Finance Corporation sold a total of 16,06,267 shares, or 0.38 percent stake, of Indiabulls Housing Finance.


The shares were offloaded at an average price of Rs 688.75, valuing the transaction at Rs 110.63 crore, data showed.


As of September quarter, Swiss Finance Corporation held 58,65,973 shares, amounting to 1.4 percent stake, of the housing finance company.


Indiabulls Housing Finance, part of business conglomerate Indiabulls Group, is a leading private housing finance company in the country.

Shares of Indiabulls Housing Finance today surged by 4.08 percent to close at Rs 715.75 apiece on BSE.

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