This company acquires 6.3-8.3% stake in 3 Anil Ambani firms
New Delhi: About 6.43 percent stake in Reliance Capital Ltd, 6.97 percent stake in Reliance Power Ltd and 8.21 percent stake in Reliance Infrastructure Ltd has been acquired by HDFC as the housing finance company invoked the pledged shares on the three Anil Ambani firms by Axis Trustee Services Ltd.
Axis Trustee Services Ltd had acted as security trustee on behalf of HDFC by pledging shares. HDFC acquired 1.62 crore shares carrying voting rights in Reliance Capital, it said in regulatory filing. This translates into 6.43 percent stake in Reliance Capital.
The housing finance company acquired 19.55 shares in Reliance Power. This translates into 6.97 percent stake in Reliance Power. It also acquired 2.15 crore shares having voting rights in Reliance Infrastructure. This translates into 8.21 percent stake in Reliance Infra.
HDFC acquired these shares on 26 March, 2020.