Cyriac picked additional 24.99 lakh equity shares or 0.52 percent of paid-up equity in Indiabulls Housing Finance at an average price of Rs 213.57 per share.
Shares of Indiabulls Housing Finance gained nearly 2 percent at open on the NSE, a day after former equity head of Blackstone India, Mathew Cyriac, picked up an additional stake in the company. At 9:20am, the stock was trading at Rs 217.15. Over the last six moths, the shares has gained over 80 percent.
As per exchange data, Mathew Cyriac, the former private equity co-head of Blackstone India, picked up additional 24.99 lakh equity shares or 0.52 percent of paid-up equity in Indiabulls Housing Finance at an average price of Rs 213.57 per share. Cyriac previously held 1 percent stake in the company, as of September 2023 data.
In Q2FY24, the company reported a 3 percent rise in consolidated net profit to Rs 298 crore in the second quarter ended September 2023 against Rs 289 crore in the last fiscal. Total income during the quarter under review rose to Rs 2,242 crore from Rs 2,231 crore in the corresponding quarter a year ago, Indiabulls Housing Finance said in a regulatory filing. Additionally interest income fell to Rs 1,731 crore from Rs 2,126 crore in the previous fiscal.