Salim Balwa and Sabina Salim Balwa, believed to be related to the promoter family, have together purchased 23,000 shares of DB Realty from the open market for over Rs 22 lakh.
According to filings on the Bombay Stock Exchange, Salim Balwa has purchased 4,000 shares of DB Realty for Rs 3,74,712 while Sabina Salim Balwa has purchased 19,000 shares for Rs 18,32,903.
As per the shareholding pattern as on March 31, Salim Balwa, who is a promoter of DB Realty, had 0.03% stake in the company. Now, he has 97,840 shares, which is equal to 0.04% stake in DB Realty.
Sabina Salim Balwa has a total of 19,000 shares which is equal to 0.008% stake of DB Realty.
Shahid Balwa and Vinod Goenka, the two main promoters of DB Realty, have been arrested in relation to 2G telecom scam.