DB Realty has said that one of its promoters, Pramod Goenka, has sold over 1.8 million shares or 0.76 per cent stake in the company through open market transaction.
According to a filing to the Bombay Stock Exchange, the company said Goenka sold 18,45,071 shares in open market between April 6 and April 20, 2011.
Following the transactions, Goenka’s stake in DB Realty has reduced to 0.51 per cent from 1.27 per cent.
The realty firm is promoted by Shahid Balwa and Vinod Goenka and both are currently under judicial custody for their alleged role in the 2G issue.
The company had recently appointed Usman Balwa (father of Shahid Balwa) and Krishna Murari Goenka (father of Vinod Goenka) as additional directors.
As per records available with BSE, the promoters and their group company had 62.77 per cent in DB Realty as on March 31, 2011 and of that Pramod Goenka held 1.15 per cent stake.
