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:

Diplomacy

Reuters Showcase

Microfinance

Microfinance

Funding the unfunded: India helps small business borrow to grow  Full Article 

China Economy

China Economy

China signals "new normal" with lower annual growth target  Full Article 

Market Eye

Market Eye

FTSE adds nine Indian firms as large-caps in Asia-Pacific ex-Japan index   Full Article 

E-commerce

E-commerce

China backs e-commerce expansion in win for Alibaba, JD.com  Full Article 

Monsoon Season

Monsoon Season

Exclusive - India expects better monsoon rains this year  Full Article 

'India's Daughter'

'India's Daughter'

Documentary on 2012 Delhi gang rape banned in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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