HDIL shares drop after vice chairman sells stake

MUMBAI Wed Jan 23, 2013 2:38pm IST

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Modi's U.S. Trip

REUTERS SHOWCASE

Shortage of Coal

Shortage of Coal

Coal import rush leads to port congestion  Full Article 

Modi's U.S. Visit

Modi's U.S. Visit

Modi to observe strict fast during maiden trip to U.S.  Full Article 

Mars Mission

Mars Mission

India's Mars mission a step closer to success with engine test  Full Article 

Bumper Sales

Bumper Sales

Apple sells more than 10 mln new iPhones in first three days  Full Article 

Dubai Housing

Dubai Housing

Dubai housing costs soar to Manhattan peaks, forcing moves to outskirts  Full Article 

Whistleblower Award

Whistleblower Award

U.S. SEC to pay $30 million-plus in largest whistleblower award  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage