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Indiabulls Housing stock ends lower post block deal buzz

The deal to offload his stake is likely to be in the range of Rs262.35-Rs267.60 per share and the entire deal is pegged at over Rs1,400cr, the media reports added.

December 16, 2021 4:42 IST | India Infoline News Service
Indiabulls Housing Finance
Shares of Indiabulls Housing Finance erased morning gains to end in the red in Thursday’s trade on reports that Sameer Gehlaut will sell an 11.9% stake in the company via a block window deal.

According to the media reports, Sameer Gehlaut, the founder of Indiabulls Housing Finance, will sell an 11.9% stake in the company via a block window deal. The deal to offload his stake is likely to be in the range of Rs262.35-Rs267.60 per share and the entire deal is pegged at over Rs1,400cr, the media reports added.

The stock ended at Rs254.30 down by Rs10.75 or 4.06% from its previous closing of Rs265.05 on the BSE. The scrip opened at Rs282.60 and touched a high and low of Rs282.60 and Rs248.55 respectively.

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PRESTIGE (NSE)

The average score for Prestige Estates Projects Limited stands at 4 against 6, three months back.

Prestige Estates Projects Limited is engaged in the business of real estate development. The Company’s principal products/services include Development and construction

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