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.
Following the transactions, Goenka's stake in D B Realty has reduced to 0.51 per cent from 1.27 per cent.
Mumbai-based D B Realty is promoted by Shahid Balwa and Vinod Goenka and both of them have been arrested by the CBI in relation to 2G scam.The company had recently appointed Usman Balwa (father of Shahid Balwa) and Krishna Murari Goenka (father of Vinod Goenka) as additional directors to steer the company through the crisis.
As per records available with BSE, the promoters and their group company had 62.77 per cent in D B Realty as on March 31, 2011 and of that Pramod Goenka held 1.15 per cent stake.
Published 27 April 2011, 15:03 IST