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The Economic Times
The Economic Times
Debaroti Adhikary

Sri Lotus Developers shares jump 3% to fresh 52-week high after Capital Group buys nearly 2% stake

Capital Group Debaroti Adhikary SEBI

Shares of Sri Lotus Developers and Realty jumped 3% to hit a fresh 52-week high on Friday after a Capital Group fund picked up nearly 2% stake in the real estate developer, boosting investor sentiment.

Sri Lotus Developers in a press release said Capital International, the world's largest active fund manager, picked up the stake as promoter Anand Kamalnayan Pandit sold 97.70 lakh shares or 2% of the company’s total stake through an open-market transaction at Rs 199.90 apiece, taking the total worth of his stake sale to more than Rs 195 crore.

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