American Balanced Fund unloads Rs 1k-cr shares of Embassy Office REIT

The American Balanced Fund unloaded 2.9 crore of shares in the Embassy Office Parks REIT real estate investment trust for Rs 1,046 crore on Thursday through an open market transaction.

According to wholesale trading data available with the BSE, American Balanced Fund sold 2,92,62,468 shares of the company.

The shares were sold at an average price of Rs 357.61 each, bringing the trade size to Rs 1,046.45 crore.

Meanwhile, ICICI Prudential Mutual Fund took over the shares of the company.

Shares of Embassy Office Parks REIT closed down 3.56% at Rs 360.94 on BSE on Thursday.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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