Indiabulls Housing rises near 2% after ex-Blackstone MD Cyriac raises his stake through bulk deal
In the bulk deal on Tuesday, Cyriac purchased a 0.52 per cent stake in Indiabulls Housing at Rs 213.57 per share. After the deal, Cyriac's stake in the company has increased from 1 per cent to Rs 1.52 per cent, as per the exchange data.
)
Indiabulls Housing Share Price: Shares of Indiabulls Housing Finance Ltd rose in early morning deals on BSE on Wednesday (December 27, 2023) after public shareholder Mathew Cyriac bought 24.99 lakh shares of the company on Tuesday (December 26).
The stock was trading higher by 1.99 per cent, or Rs 4.25, at Rs 217.60 at 10:14 am on Wednesday.
In the bulk deal on Tuesday, Cyriac pruchased a 0.52 per cent stake in Indiabulls Housing at Rs 213.57 per share.
After the deal, Cyriac's stake in the company has increased from 1 per cent to Rs 1.52 per cent, as per the exchange data.
Indiabulls Housing, which is undergoing future and options (F& O) ban, will be removed from it in the next series.
Cyriac is a former senior managing director at The Blackstone Group.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
10:46 AM IST
Indiabulls Housing Finance changes name to Sammaan Capital
Indiabulls Housing Finance recovers from 5% fall after ED raids its offices in PMLA case 
Indiabulls Housing Finance gains 4% after in-line Q2 performance