Indiabull loss is DLF's gain

Image
BS Reporter Mumbai
Last Updated : Jan 20 2013 | 8:47 PM IST

Among the clutch of foreign investors that bought a part of the 10 per cent stake sold by DLF promoters, Copthall Mauritius Investment was one. It bought stake worth Rs 460 crore. Copthall, incidentally, sold Rs 33 crore worth of stake in Indiabulls Real Estate yesterday, according to data revealed by the National Stock Exchange.

The foreign institutional investor held 1.27 per cent stake in Indiabulls prior to the sale. Overseas investors on Tuesday sold Rs 53.04 crore worth of stake in Indiabulls, according to exchange.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 14 2009 | 12:34 AM IST

Next Story