HDFC invokes pledge on 50 lakh shares of Ansal Housing

Housing Development Finance (HDFC) has invoked pledge connected 50 lakh shares of existent property institution Ansal Housing aggregating to 8.42% of its paid-up stock superior aft the second defaulted connected outgo of dues. 

“For the intent of betterment of portion outstanding dues against loans availed by definite pledgers/borrowers, the Corporation connected December 13, 2021, invoked the pledge connected 50,00,000 shares of Ansal Housing (Ansal) aggregating 8.42% of its paid-up stock capital, pledged with the Corporation by the said borrower,” HDFC said successful an speech filing connected Tuesday.

In a abstracted speech notification dated October 8, HDFC said it had sold implicit 13. 8 lakh shares representing 2.33% of the paid-up stock superior of the existent property company.Ansal Housing’s full fiscal indebtedness including short-term and semipermanent indebtedness stood astatine `685.66 crore, arsenic per an speech announcement filed by the institution connected Tuesday.

For the 4th ended September, Ansal Housing’s nett nonaccomplishment stood astatine Rs 11.7 crore portion its full income and full expenses were astatine Rs 49.2 crore and Rs 68.7 crore rupees, respectively.