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HDFC Acquires 6.43 % Stake in Reliance Capital by Invoking Pledged Shares

New Delhi: Mortgage lender HDFC on Saturday mentioned it has acquired 6.43 per cent stake in debt-trapped Reliance Capital by invoking pledged shares.

These shares have been acquired pursuant to invocation of pledge by safety trustee on behalf of the company, which was pledged in opposition to a mortgage given by the lender in its regular course of enterprise, HDFC Ltd mentioned in a regulatory submitting.

Following this, the corporate acquired 25.27 crore shares of Rs 10 every, it mentioned, including that the overall worth of those shares are Rs 252 crore.

It additional mentioned the requisite disclosure had already been made on March 27, and for the reason that shares have now been credited to the account of the Company, the disclosure was being made as soon as once more.

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