DB Realty's promoter company has pledged 2.6 crore equity shares to Housing Development Finance Corporation (HDFC) Ltd.
In a filing to the BSE, DB Realty said that a promoter company Neelkamal Tower Construction has pledged 2.6 crore shares to HDFC on March 19.
The pledging of shares was against the financial facility extended by HDFC to a wholly-owned subsidiary of DB Realty, it added.
Neelkamal Tower Construction has 42.99% stake in the company, while the total promoters stake in the company is 61.18% as on December 31, 2012.
DB Realty's share price rose by 1.65% to close at Rs 58.60 on BSE.
