20% stake worth Rs 6,171 crore in Embassy REIT sold through block deals

Shares of Embassy Office Parks REIT worth Rs 6,171 crore were sold in a series of block deals on Wednesday. About 19.5 crore shares, representing 20.6 percent stake in the company, were sold. Bre Mauritius Investments, Sg Indian Holding, Brep Asia Sg and India Alternate Property Fund sold the shares.

The prominent buyers included HDFC Mutual Fund, Fidelity Funds South East Asia and ICICI Prudential Mutual Fund. Shares of Embassy Office Parks REIT fell 1.4 percent to trade at Rs 331.2 on Wednesday.

Meanwhile, IndusInd Bank sold its entire stake in Nippon Life India AMC worth Rs 795.8 crore through block transactions. The buyers included SBI Mutual Fund, ICICI Prudential Mutual Fund and Norges Bank. Shares of Nippon Life India rose 2 percent to end Wednesday's session at Rs 459.

First print: December 21, 2023 | 12:14 pm IST