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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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