DB Realty promoter firm pledges 2.6 cr shares to HDFC

DB Realty's promoter company has pledged 2.6 crore equity shares to HDFC.

• Written by PTI
• New Delhi | March 25, 2013 08:48 PM IST
1 min read

DB Realty8217;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.

You’ve Read Your Free Stories For Now

Sign up and keep reading more stories that matter to you.

Create Free Account

Already have an account? Sign In

This story requires a subscription

Select a plan and use IE10 code to get 10% extra off

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹117/month

Best for news lovers

UPSC PACK

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

Already a subscriber? Sign in

This premium article is free for now.

Register to continue reading this story

Free Read

Already have an account? Sign In

This story requires a subscription

Please Select A Plan

POPULAR

EXPRESS EDGE

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹117/month

Best for news lovers

UPSC PACK

Daily ePaper access

Premium stories & archives

UPSC Section + UPSC Essentials Magazine

Starts at ₹133/month

Best for UPSC aspirants

This content is exclusive for our subscribers.

Subscribe now to get unlimited access to The Indian Express exclusive and premium stories.

Continue

Already a subscriber? Sign In

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 promoters stake in the company is 61.18 per cent as on December 31,2012.

DB Realty8217;s share price rose by 1.65 per cent to close at Rs 58.60 on BSE.

Curated For You

Dhurandhar Box Office Collection Day 14 Worldwide Update: Ranveer Singh film sells 1.72 lakh tickets for day 15; earns Rs 702 cr globally till now

BUILDING PUNE: PMC to construct double-decker bridge over Mula-Mutha River connecting Hadapsar and Kharadi

Avatar Fire and Ash Movie Review LIVE Updates: James Cameron directorial absolutely spellbinding, gorgeous creation, say early reviews