Citigroup buys stake in Indiabulls

Foreign fund house Citigroup Global Markets Mauritius has picked up a 0.11 per cent stake in domestic real estate developer Indiabulls Real Estate for Rs 7.45 crore. As per the data available with the Bombay Stock Exchange, in a block deal Citigroup today purchased three lakh shares of Indiabulls Real Estate at a price of Rs 248.60 a piece.

Meanwhile, in a separate deal, another foreign fund house Morgan Stanley Mauritius Company today sold three lakh shares of the company at the same price (Rs 248.60 a piece). Shares of Indiabulls Real Estate closed at Rs 248.50, up 0.95 per cent on the BSE.

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