HDIL shares drop after vice chairman sells stake
MUMBAI (Reuters) - Shares in Housing Development & Infrastructure Ltd (HDIL) (HDIL.NS) fell as much as 15.8 percent on Wednesday after Vice Chairman and Managing Director Sarang Wadhawan sold a partial stake in the company.
HDIL said on Tuesday Wadhawan sold 5 million shares worth 570 million rupees in secondary markets, reducing his stake to 0.99 percent from 2.19 percent.
HDIL shares were down around 15 percent at 2:35 p.m.
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)
- Tweet this
- Share this
- Digg this
- UPDATE 2-Afghanistan gives NYT reporter 24 hours to leave country
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Hewlett-Packard posts surprise revenue gain after PC sales jump
- Murder, revenge, lust and rampage take over 'Sin City' sequel |
- Billy Crystal to commemorate late actor Robin Williams at Emmys
Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories. Full Article