 "HDIL dips on stake sale by Credit Suisse")
Shares in Housing Development and Infrastructure (HDIL) have dipped 6% to Rs 68.80 after Credit Suisse (Singapore) sold nearly three million shares of the Mumbai-based real estate company via open market.
On December 10, 2014, Credit Suisse (Singapore) A/c Credit Suisse (Singapore) sold 2.81 million shares of HDIL at price of Rs 74.54 per share on NSE, the bulk deal data shows. However, the name of buyers was not identified.
As of September 30, 2014, Credit Suisse (Singappore) held 4.94 million or 1.18% stake in HDIL, the shareholding pattern data shows.
The stock opened at Rs 73 and touched a low of Rs 68.55 on NSE so far. Till 1140 hours, a combined 9.24 million shares changed hands on the counter on NSE and BSE.
On December 10, 2014, Credit Suisse (Singapore) A/c Credit Suisse (Singapore) sold 2.81 million shares of HDIL at price of Rs 74.54 per share on NSE, the bulk deal data shows. However, the name of buyers was not identified.
As of September 30, 2014, Credit Suisse (Singappore) held 4.94 million or 1.18% stake in HDIL, the shareholding pattern data shows.
The stock opened at Rs 73 and touched a low of Rs 68.55 on NSE so far. Till 1140 hours, a combined 9.24 million shares changed hands on the counter on NSE and BSE.