For aggregate consideration of Rs 43.91 crore Housing Development Finance Corporation has further sold 81,05,667 shares representing 3.08% of the paid-up share capital of Reliance Infrastructure. The shares were sold through stock exchanges in secondary market between 18 May and 24 May 2021. The aggregate consideration received for the sale of 81,05,677 shares is Rs.
43,91,47,050.
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The country s largest mortgage lender HDFC Ltd has sold further shares of Reliance Infrastructure worth over Rs 43 crore, which were held by it through the invocation of pledged shares. The corporation has further sold 81,05,677 shares representing 3.08 per cent of the share capital of Reliance Infrastructure, HDFC said in a regulatory filing on Tuesday. The sale was carried out through stock exchanges at the prevailing market price. The aggregate consideration received for the sale of 81,05,677 shares is Rs 43,91,47,050, Housing Development Finance Corporation (HDFC) said. The mortgage lender sold the shares of Reliance Infra between May 18- 24, 2021 (including these dates) through stock exchanges in the secondary market.
May 25, 2021
Housing Development Finance Corporation (HDFC) Ltd has sold 81.05 lakh shares or 3.08 per cent stake of Reliance Infrastructure Ltd. The shares were acquired on account of invocation of pledge through Axis Trustee Services, HDFC said on Tuesday. HDFC has raised ₹43.91 crore through the stake sale. The shares have been sold between May 18 and May 24 in the secondary market, HDFC said. Earlier this month, the lender had sold 52.88 lakh shares or 2.01 per cent stake of Reliance Infrastructure for ₹22.86 crore.
Anil Ambani-controlled Reliance Infrastructure is involved in developing projects in several high growth sectors such as power, roads, metro rail, and defence.
HDFC sells Reliance Infra shares worth over Rs 43 crore
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Last Updated: May 25, 2021, 04:10 PM IST
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Synopsis
The corporation has further sold 81,05,677 shares representing 3.08 per cent of the share capital of Reliance Infrastructure, HDFC said in a regulatory filing on Tuesday.
The mortgage lender sold the shares of Reliance Infra between May 18- 24, 2021 (including these dates) through stock exchanges in the secondary market.
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NEW DELHI: The country s largest mortgage lender HDFC Ltd has sold further shares of
Reliance Infrastructure worth over Rs 43 crore, which were held by it through the invocation of pledged shares.
The corporation has further sold 81,05,677 shares representing 3.08 per cent of the share capital of Reliance Infrastructure, HDFC said in a regulatory filing on Tuesday.
The benchmark indices traded in a narrow range with modest gains in afternoon trade. The moderation in daily new COVID-19 cases in India improved risk sentiments. The Nifty index continued to hover above 15,200 mark.
At 13:20 IST, the barometer index, the S&P BSE Sensex, rose 169.65 points or 0.34% at 50,710.13. The Nifty 50 index gained 39.25 points or 0.26% at 15,214.55.
Housing Development Finance Corporation (HDFC) (up 1.55%), HDFC Bank (up 1%) and Larsen & Toubro (L&T) (up 2.54%) supported the indices.
The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.93%. The S&P BSE Small-Cap index gained 0.82%.
Buyers outpaced sellers. On the BSE, 1,915 shares rose and 1,177 shares fell. A total of 176 shares were unchanged.