ALSO READIndiabulls Real Estate zooms 40% on biz restructuring plans Indiabulls Real Estate to buyback 6 cr shares for Rs 540 cr Indiabulls Real Estate shares tank over 9% on profit-booking Indiabulls Real Estate to restructure biz; shares jump 40% Indiabulls Real Estate Q3 net down 14 pc to Rs 59 cr
Cinnamon Capital has bought 2.41 crore shares, worth over 5 per cent shareholding, of Indiabulls Real Estate from open market. According to a regulatory filing, Cinnamon Capital has purchased 2,41,28,000 shares between April 24 and May 4 this year through open market transactions on BSE and NSE. With the acquisition of these shares, Cinnamon Capital has 5.05 per cent stake in the company. Mumbai-based Indiabulls Real Estate's share price today fell by 2.36 per cent on the BSE to settle at Rs 173.75 apiece.
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