HDFC sells 4.35 lakh pledged shares of Ansal Housing to recover dues
Mumbai: HDFC has now sold about 4.35 shares of beleauguered Ansal Housing to recover its dues. HDFC had earlier invoked around 50 lakh pledged shares of the realty player for recovery of the dues from the developer.
The bulk transactions data on the stock exchanges showed that HDFC sold as many as 4,35,796 shares of the developer at an average price of Rs 7.04. This translates to a sale of about 0.7 percent stake in Ansal Housing.
"For recovery of part outstanding dues against loans availed by certain pledgers//borrowers, the Corporation on June 15, 2022, invoked the pledge on 50,00,000 shares of Ansal Housing (Ansal) aggregating 8.42 per cent of its paid-up share capital, pledged with the Corporation by the said pledger/borrower," HDFC had said in a regulatory filing recently.