Sloane Robinson hikes stake in Indiabulls Real Estate

Indiabulls Real EstateSloane Robinson LLP, leading foreign fund house, has informed that it has increased its stake in Indiabulls Real Estate.

As per sources, the UK- based fund house has purchased 19.82 lakh shares (0.5 per cent stake) and hiked its stake holding to 5.42 per cent in Indiabulls Real Estate Ltd.

Sources added that Sloane Robinson LLP has acquired 19.82 lakh shares of Indiabulls Real Estate through open market transactions.

In a communiqué, the fund house functionaries stated that the transaction of shares was carried out on October 8.