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DB Realty on Wednesday said one of its promoters, Mr Pramod Goenka, has sold over 18 lakh shares or 0.76 per cent stake in the company through open market transaction.
According to a filing to the BSE, the company said Mr Goenka sold 18,45,071 shares in open market between April 6 and April 20.
Following the transactions, Mr Goenka's stake in DB Realty has been reduced to 0.51 per cent from 1.27 per cent.
Mumbai-based DB Realty is promoted by Mr Shahid Balwa and Mr Vinod Goenka and both of them have been arrested by the CBI in relation to 2G scam. The company had recently appointed Mr Usman Balwa (father of Mr Shahid Balwa) and Mr Krishna Murari Goenka (father of Mr Vinod Goenka) as additional directors.
According to records available with BSE, the promoters and their group company had 62.77 per cent in DB Realty as on March 31, and of that Mr Pramod Goenka held 1.15 per cent stake.
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