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HDFC Ltd sells Reliance Infra shares worth over Rs 43 crore

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  • The country's largest mortgage lender HDFC Ltd has sold further shares of Reliance Infrastructure worth over Rs 43 crore, which were held by it through the invocation of pledged shares.
Earlier this month, the corporation had sold 52,88,507 shares, like 2.01 percent, of Reliance Infrastructure for over Rs 22.86 crore. HDFC acquired shares of the Anil Ambani controlled engineering and construction major on account of invocation of pledge through Axis Trustee Services Ltd.
Reliance Infra had standalone revenue of Rs 3,338.71 crore as of March 31, 2020. Its record stood at Rs 23,216.83 crore. the corporate is engaged in developing projects through various special purpose vehicles (SPVs) in several high growth sectors like power, roads, metro rail, and defense.

HDFC scrip traded nearly flat at Rs 2,540.05 apiece on BSE. Reliance Infra was up 2.65 percent at Rs 58 per share

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