Housing Development Finance Ltd (HDFC) has invoked a pledge of 50, 00,000 shares or 8.42% of the share capital of New Delhi-based real estate company, Ansal Housing.

HDFC invokes pledge on 50 lakh shares of Ansal Housing

Ansal Housing is in the business of construction and development of residential townships and commercial complexes. The company had a turnover of ₹139.03 crore in financial year 2020-21 and a net loss of ₹44 crore.

In a stock exchange filing on Wednesday, Ansal Housing said, “pledge against 50, 00,000 equity share of ₹10 each has been invoked by HDFC”. Post invocation, promoter shareholding will come down to 31.7 per cent.

Amongst the promoters and promoter-group members, shareholding of Deepak Ansal and Global Consultants and Designers Private Ltd have gone down by over five and three per cent respectively.