Authum Investment picks up 1.9% stake in DB Realty for Rs 100 crore

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Illustration: Ajay Mohanty

Authum Funding and Infrastructure Ltd on Thursday picked up a 1.9 per cent stake in actual property developer DB Realty for Rs 100 crore via open market transactions.

Following the stake buy by Authum, DB Realty shares zoomed 11.84 per cent to shut at Rs 135.10 apiece on the NSE and bounced 11.11 per cent to settle at Rs 134.45 per share on the BSE.

Based on the majority deal knowledge accessible with the BSE and NSE, Authum Funding and Infrastructure purchased 40 lakh shares every on each the bourses in 4 tranches, amounting to a 1.9 per cent stake in DB Realty.

The shares have been acquired within the vary of Rs 123-127 apiece on the NSE and BSE, taking the mixed transaction worth to Rs 100 crore.

In the meantime, two people — Abhay Shyamsunder Chandak and Aditya S Chandak — offloaded a complete of 80 lakh shares of DB Realty on NSE and BSE on the similar value.

Authum Funding and Infrastructure Ltd is a BSE-listed and registered NBFC within the enterprise of funding in shares and securities.

(Solely the headline and movie of this report could have been reworked by the Enterprise Normal employees; the remainder of the content material is auto-generated from a syndicated feed.)

First Revealed: Aug 17 2023 | 10:58 PM IST

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