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 9-Total CEO de Margerie killed in Moscow as jet hits snow plough
- Indiana police charge suspect who may have killed for decades
- Total CEO de Margerie killed in Moscow business jet accident
- China's growth slowest since global crisis, annual target at risk
- Oil falls below $86 as oversupply, global economy worries weigh
India's second-biggest private sector lender by assets on Tuesday reported a 20 percent rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses. Full Article | Quote
Total CEO de Margerie killed in Moscow plane accident - airport spokeswoman. Full Article