Invesco sells stakes in Oberoi, Lodha Developers
Invesco Developing Markets Fund divested its holdings in two major real estate companies. The fund sold a significant portion of its stake in Oberoi Realty. The deal amounted to ₹1,883.2 crore. Invesco also offloaded shares of Lodha Developers. Th...
By ET Bureau |
TIL Creatives
In Lodha, the fund sold 9,525,000 shares at ₹1,385 apiece in a ₹1319.2 crore bulk deal on NSE.
Mumbai: Invesco Developing Markets Fund sold shares of Oberoi Realty and Lodha Developers in separate bulk deals on Wednesday. In Oberoi, Invesco sold shares worth ₹1,883.2 crore. Fund sold 10,700,000 shares at ₹1,754.3 apiece. As of June 30, Invesco held a 3.01% stake in company and offloaded almost its entire stake of 2.9%. In Lodha, the fund sold 9,525,000 shares at ₹1,385 apiece in a ₹1319.2 crore bulk deal on NSE.
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