Cinnamon Capital today sold more than 1.38 crore shares of Indiabulls Ventures for a little over Rs 651 crore through an open market transaction.
The stocks were purchased by Jasmine Capital Investments Pte Ltd.
According to block deal data available with the BSE, Cinnamon Capital offloaded a total of 1,38,34,381 shares, amounting to 2.28 per cent stake, of Indiabulls Ventures.
Shares were sold at an average price of Rs 471, valuing the transaction at Rs 651.6 crore, the data showed.
As of June 15, Cinnamon Capital held 5.19 crore shares or 8.6 per cent stake in the company.
Indiabulls Ventures slipped 0.12 per cent to close at Rs 480.65 on the BSE.
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