HDFC Has Sold 1.29 Crore Shares Of Unitech In The Open Market - Dollar Advisory Financial Services

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Friday 15 December 2017

HDFC Has Sold 1.29 Crore Shares Of Unitech In The Open Market

HDFC has sold 1.29 crore shares of Unitech in the open market and invoked nearly 8.2 crore pledged shares of the crisis-hit realty firm.

HDFC has sold 1,29,19,566 shares carrying voting rights worth 0.49 percent stake, and invoked 8,19,88,820 pledged shares worth 3.13 percent stake, according to a regulatory filing.

Promoters hold 17.92 percent stake in Unitech, of which 73 percent is pledged, as per the shareholding pattern at the end of the second quarter of this fiscal.

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