HDFC sells 6.25 crore shares of Reliance Power Ltd

Housing Development Finance Corporation Ltd (HDFC / the Corporation) through Axis Trustee Services Limited had invoked pledge on certain shares of Reliance Power Limited (Reliance Power).

The corporation has sold part of its shares through stock exchanges in secondary market. The shares have been sold between August 11, 2020 and April 6, 2021 (including these dates).

The sale transactions were carried out through stock exchanges at the respective prevailing market prices. The aggregate consideration received for sale of 6,25,00,000 shares is Rs. 30,63,10,757.

Shares of RELIANCE POWER LTD. was last trading in BSE at Rs.5.02 as compared to the previous close of Rs. 4.79. The total number of shares traded during the day was 45260715 in over 7113 trades.

The stock hit an intraday high of Rs. 5.02 and intraday low of 4.77. The net turnover during the day was Rs. 225819582.

Source : Equity Bulls

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