HSBC sells 20 lakh shares of Unitech for about Rs 6 crores

NEW DELHI: HSBC has sold 20 lakh shares of realty firm Unitech through open market transactions for about Rs 6 crore, resulting in marginal reduction in its stake.

In a filing to the BSE, Unitech said HSBC Global Investment Funds (Mauritius) Ltd has sold 20 lakh shares on May 20, which is worth nearly Rs 6 crore at current price.

After the sale, HSBC's stake in Unitech has come down to 5.19 per cent from 5.27 per cent earlier.

As on March 31, 2013, HSBC Global Investment Fund had 5.95 per cent stake in Unitech, while promoters held 48.35 per cent stake.

Share price of Unitech today fell by 2.75 per cent to Rs 28.30 on BSE from previous closing.