The scrip touched a high of Rs 236.50 as against the previous close of Rs 226.55 on the BSE.
According to data on bulk deals available from the National Stock Exchange, Societe Generale offloaded 27.40 lakh shares of
while BNP Paribas Arbitrage sold 23.59 lakh shares of the domestic housing finance company.
The stocks were sold in the range of Rs 221.34-221.75 piece per share, the data showed. As of September 2021, Societe Generale held 58.77 lakh shares amounting to a 1.27 per cent stake in Indiabulls Housing, while BNP Paribas Arbitrage shareholding was 71.82 lakh shares or 1.56 per cent.
Reports said on Wednesday that the company was committed to de-promoterising, with the promoter –led by Sameer Gehlaut—likely to pare stake below 10 per cent from the present quantum of 21.69 per cent.
Indiabulls Housing may be considering secondary market transactions such as through qualified institutional placement or an offer-for-sale in its efforts to reduce promoter stake, reports said.
The National Stock Exchange had on Thursday barred Indiabulls from trading in the futures and options segment as the derivative contract of its securities had breached 95 per cent of the market-wide position limit.
