MUMBAI: HDFC Ltd has sold a part of the United SpiritsBSE -1.78 % shares pledged with it by Vijay Mallya. HDFC Ltd sold 1.5 lakh shares for a total value of nearly Rs 47 crore. In a stock exchange filing United Spirits said, “Kingfisher Finvest Ltd had pledged certain shares in United Spirits Limited to HDFC Ltd to secure loan given to United Breweries (holdings) limited.” According to the statement HDFC unilaterally invoked the shares pledged. HDFC sold shares amounting to 0 .. Read more at: http://economictimes.indiatimes.com/articleshow/50000890.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesHDFC Ltd invokes United Spirits Limited shares worth Rs 47 crore
Industry: Banking 2015-12-09
