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This story is from February 9, 2008
Indiabulls promoters hike stake in Anil Ambani's firm
In a deal worth nearly Rs 190 crore, two promoters of Indiabulls Financial Services increased their combined stake in the company by 1.1%, through open market operations.
MUMBAI: In a deal worth nearly Rs 190 crore, two promoters of Indiabulls Financial Services (IBFSL) increased their combined stake in the company by 1.1%, through open market operations.
On Friday, Sameer Gehlaut, the top stakeholder in IBFSL, bought about 18 lakh shares of the company, while Rajiv Rattan, another promoter, bought 9 lakh shares, each at approximately Rs 666 per share.
Of the 18 lakh shares that Gehlaut bought from the market, nearly 14.3 lakh shares were sold by Sonata Capital, BSE data showed. Incorporated in early 2007, Sonata Capital is a privately held Anil Ambani group company.
The lot sold by Sonata Capital was worth a little over Rs 95 crore. A large chunk of these IBFSL shares - 11.2 lakh - were bought by Sonata Capital on October 19 on NSE at Rs 526 per share, data on the bourse's website showed.
Post acquisition, promoters' stake in IBFSL now stands at a little over 28%. On December 31, promoter holding in IBFSL was 27.1%, with Gehlaut's holding at 13.5%, Rattan's at 6.8% and Saurabh Mittal's also at 6.8%.
On Friday, Sameer Gehlaut, the top stakeholder in IBFSL, bought about 18 lakh shares of the company, while Rajiv Rattan, another promoter, bought 9 lakh shares, each at approximately Rs 666 per share.
Of the 18 lakh shares that Gehlaut bought from the market, nearly 14.3 lakh shares were sold by Sonata Capital, BSE data showed. Incorporated in early 2007, Sonata Capital is a privately held Anil Ambani group company.
The lot sold by Sonata Capital was worth a little over Rs 95 crore. A large chunk of these IBFSL shares - 11.2 lakh - were bought by Sonata Capital on October 19 on NSE at Rs 526 per share, data on the bourse's website showed.
Post acquisition, promoters' stake in IBFSL now stands at a little over 28%. On December 31, promoter holding in IBFSL was 27.1%, with Gehlaut's holding at 13.5%, Rattan's at 6.8% and Saurabh Mittal's also at 6.8%.
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