HDIL shares gain, Citi buys 4 mn shares

Shares in the company were up 3.1% early trade

Shares in Housing Development & Infrastructure Ltd rose in early trades after Citigroup bought shares in the company on Friday, traders said.

Citigroup Global Markets Mauritius Pvt Ltd bought 4 million shares in the company or about 0.96% of the equity, in a block deal on Friday, exchange data shows.

Shares in the company were up 3.1% at 10:20 a.m.