HDFC further sells Reliance Infra shares worth over Rs 43 crore

HDFC Bank Logo hoarding

The country's biggest mortgage bank, HDFC Ltd has sold other portions of Reliance Infrastructure worth over Rs 43 crore, which were held by it through the summon of vowed shares. 

The partnership has additionally sold 81,05,677 offers addressing 3.08 percent of the offer capital of Reliance Infra, HDFC said in an administrative document 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 moneylender sold the portions of Reliance Infra between May 18-24, 2021 (counting these dates) through stock trades in the optional market. 

The organization recently sold 52,88,507 offers, identical to 2.01 percent, of Reliance Infrastructure for over Rs 22.86 crore. 

HDFC obtained portions of the Anil Ambani controlled designing and development major by conjuring vow through an  Axis Trustee Services Ltd. 

Reliance Infra had an independent income of Rs 3,338.71 crore as of March 31, 2020. Its financial record remained at Rs 23,216.83 crore.

Source- Business Standard

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