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HDFC invokes pledged shares to acquire 6.43% stake in Reliance Capital

These shares were acquired pursuant to invocation of pledge by security trustee on behalf of the corporation, which was pledged against a loan given by the lender in its normal course of business

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Following this, the company acquired 252.7 million shares of Rs 10 each, it said, adding that the total value of these shares are Rs 252 crore.

BS Web Team Agencies New Delhi

1 min read Last Updated : Apr 25 2020 | 4:09 PM IST

Mortgage lender HDFC has acquired 6.43 per cent stake in debt-trapped Reliance Capital by invoking pledged shares, the company said on Saturday.

These shares were acquired pursuant to invocation of pledge by security trustee on behalf of the corporation, which was pledged against a loan given by the lender in its normal course of business, HDFC Ltd said in a regulatory filing.

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Following this, the company acquired 252.7 million shares of Rs 10 each, it said, adding that the total value of these shares is Rs 252

Topics : HDFC Reliance Capital

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