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 per cent stake in the company, while the total promoter’s stake in the company is 61.18 per cent as on December 31, 2012.
DB Realty’s share price rose by 1.65 per cent to close at Rs 58.60 on BSE.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.