new delhi sep 18 indiabulls real estates promoter firm kritikka infrastructure today sold 23 crore shares of the company for over 542 crore through open market transactions according to the bulk deal data available with nse the promoter offloaded 145 crore shares or 305 per cent stake of the realty firm the shares were disposed of at an average price of rs 23626 apiece valuing the transactions at rs 34257 crore the data showed kritikka infrastructure sold another 85 lakh shares amounting to 179 per cent stake in the realty firm on bse for an estimated rs 19994 crore the shares were sold at an average rate of rs 23523 apiece the promoter firm intotal disposed of 484 per cent stake in indiabulls real estate the buyers of the shares could not be ascertained immediately promoters held 4378 per cent stake at the end of the june quarter kritikka infrastructure held 39987084 shares 843 per cent stake in the company in june another promoter group entity ibrel ibl scheme trust had sold 33 crore shares of the company for about rs 66283 crore through an open market transactions the sale proceeds would be used for meeting companys funding requirements for its ongoing businesses and general corporate purposes or any other purposes as may be approved by its board the company had said in june in july ibrel ibl scheme again sold 77 lakh shares of the company for an estimated rs 178 crore through an open market transaction shares of indiabulls real estate ended the day on nse at rs 23790 down 512 per cent from the previous close vrn mjh bal