MUMBAI Jan 23 Shares in India's Housing
Development & Infrastructure Ltd (HDIL) 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 ($10.59 million) in secondary markets,
reducing his stake to 0.99 percent from 2.19 percent.
HDIL shares were down 14.8 percent as of 0858 GMT.
($1 = 53.8150 Indian rupees)
(Reporting by Abhishek Vishnoi; Editing by Rafael Nam)