Copthall Mauritius buys over 5% in Indiabulls Housing Finance

NEW DELHI: Copthall Mauritius Investment Ltd has acquired over 5 per cent stake in Indiabulls Housing Finance Ltd (IBHFL).

Copthall Mauritius has acquired 19,324,503 shares equivalent to 5.334 per cent in Indiabulls Housing Finance.

The acquisition of the said number of shares in the IBHFL took place on September 14, 2015, IBHL said in a filing on the BSE.

The value of the acquisition is over Rs 1,325.41 crore on the basis of IBHL's closing price of Rs 765.05 a share on Monday (September 14).

Shares of IBHL closed down by 2.54 per cent at Rs 730.65 on BSE.