Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Amansa sells entire stake in Mahindra Lifespace for Rs 101 cr

Dec 20 2012, 20:22 IST
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Amansa sells entire stake in Mahindra Lifespace for Rs 101 cr. Amansa sells entire stake in Mahindra Lifespace for Rs 101 cr.
SummaryThe shares were offloaded at Rs 114.67 apiece taking the deal size to Rs 24 crore.

Singapore-based fund management firm Amansa Investments today offloaded its entire 5.96 per cent stake in Mahindra Lifespace Developers, the real estate arm of Mahindra Group, for Rs 101 crore.

Amansa Investments, which held 24,34,599 shares or 5.96 per cent stake in Mahindra Lifespace at the end of September quarter, sold its entire holding in the company, data available with the stock exchanges showed.

The shares were sold on an average price of Rs 414.88 aggregating the deal size to Rs 101 crore, the data showed.

However, buyer of the shares could not be ascertained.

In a separate bulk deal, Credit Suisse (Singapore) Ltd sold 20.96 lakh shares of real estate firm Housing Development & Infrastructure Ltd (HDIL).

The shares were offloaded at Rs 114.67 apiece taking the deal size to Rs 24 crore.

At the BSE, shares of Mahindra Lifespace rose by 1.66 per cent to settle at Rs 419.10, while HDIL fell three per cent to close at Rs 113.35

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