HDIL shares crash after vice-chairman sells stake

Shares in Housing Development & Infrastructure Ltd (HDIL) crashed on Wednesday after vice-chairman and managing director Sarang Wadhawan sold a partial stake in the company. HDIL shares closed 14.33 per cent lower at Rs 96.25 on the Bombay Stock Exchange. The sharp selling in the stock pulled the BSE Realty index down, which closed 2.34 per cent lower. HDIL said on Tuesday that Mr Wadhawan sold 50 lakh shares worth Rs 57 cror...