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INRE Fund Acquires Rs 142 Crore Nirlon Stake From Nihar Nandan Nilekani
M
Moneycontrol•06-10-2026, 22:13
INRE Fund Acquires Rs 142 Crore Nirlon Stake From Nihar Nandan Nilekani
- •INRE Fund II acquired a 2.58 percent stake in commercial real estate firm Nirlon from Nihar Nandan Nilekani for Rs 142.98 crore through open-market transactions.
- •The alternative investment fund bought 23.25 lakh shares at Rs 615 apiece, while Nirlon shares ended Thursday at Rs 606.80.
- •Morgan Stanley Asia Singapore Pte bought a 0.59 percent stake in Elevate Campuses for Rs 33.97 crore.
- •Kedia Securities sold a 0.63 percent stake in Simplex Infrastructures for Rs 11.98 crore.
Key Questions Answered
INRE Fund II, an alternative investment fund managed by Monocap Investment Advisors, acquired a 2.58 percent stake in the commercial real estate company Nirlon from Nihar Nandan Nilekani for Rs 142.98 crore.
The shares in the Nirlon block deal changed hands at a price of Rs 615 apiece.
As of June 2026, Nihar Nandan Nilekani held a 2.62 percent stake in Nirlon before selling his shares.
