Signals, Powered By EquityPandit
Indiabulls Real Estate promoter group entity IBREL IBL Scheme Trust has sold 3.3 crore shares of the company for about Rs 662.83 crore through an open market transactions.
According to the filing, “IBREL IBL Scheme Trust, of which Indiabulls Real Estate Ltd is the sole beneficiary, has sold 3.3 crore shares of the company, on 22nd June 2017 at the stock exchanges, and has realised approx Rs 662.83 crs at an average price of about Rs 200.85 per share.”
It added that “The sale proceeds would be used for meeting company’s funding requirements for its ongoing businesses and general corporate purposes or any other purposes as may be approved by its board.”
