Cinnamon Capital sells Indiabulls Ventures shares worth Rs 832 crore

Cinnamon Capital today sold more than 1.73 crore shares of Indiabulls Ventures for a little over Rs 832 crore through an open market transaction.

The shares were purchased by Jasmine Capital Investments Pte Ltd.

According to block deal data available with the BSE, Cinnamon offloaded a total of 1,73,34,381 shares, amounting to 2.86 per cent stake of Indiabulls Ventures.


Shares were sold at an average price of Rs 480, valuing the transaction at Rs 832.05 crore, the data showed.

Indiabulls Ventures today gained 0.68 per cent to close at Rs 482.60 on the BSE.

On July 4, Cinnamon Capital had sold more than 1.38 crore shares of Indiabulls Ventures for over Rs 651 crore. PTI VHP MR MR 07101956 NNNN