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HDIL Promoters Revoke All Pledged Equity Shares

Sep 29, 2014   17:20 IST 
Mumbai, Maharashtra, India

Promoters of Housing Development and Infrastructure Limited (HDIL) have revoked all shares earlier pledged with IL&FS Trust Company Ltd and now the entire 100 per cent shares in the promoters category is non-pledged.

 

IL&FS Trust Company Ltd has released (7, 54, 91,660) seven crore fifty four lakh ninety one thousand six hundred sixty equity shares of promoters, including Mr. Rakesh Kumar Wadhawan, today. The released shares in the latest tranche comprise 51.89% of the total shares pledged by promoter group.

 

Earlier on July 4, 2014, IL&FS Trust Company Ltd had released seven crore (7,00,00,000) equity shares, comprising of 48.11% of the total pledged shares of promoter group.

 

With the latest release of pledged shares by IL&FS Trust Company Ltd, the total number of pledged shares by HDIL promoters now stands nil.

 

About Housing Development and Infrastructure Ltd. (HDIL):

Housing Development and Infrastructure Limited (HDIL) has established itself as one of India’s premier real estate development companies, with significant operations in the Mumbai Metropolitan Region. With a land reserve of 245.03 million square feet as on 30thJune 2014, HDIL has about three decades of experience in the real estate & infrastructure domain having developed over 100 million sq. ft. area of commercial, residential and retail space.

 

The Company has been a major player in Mumbai Realty with 90% land Reserves in the Mumbai Metropolitan Region (MMR) and a market leader in Residential and SRA projects.

 

For additional information, you may visit www.hdil.in

 

For further information:

Parikshit Joshi

Adfactors PR Pvt Ltd

Tel: + 91 22 6757444-Ext-234

Mobile: + 91 9833917030

Email: parikshit.joshi@adfactorspr.com


 
 
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