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HDFC invokes 5% stake of Ansal Housing pledged by promoter

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HDFC Ltd has invoked 30,00,000 equity shares of INR 10 each, constituting 5.052% of the paid up share capital of Mumbai-based, publicly-listed Ansal Housing Ltd, resulting in changes in the holding of Akash Deep Portfolios Pvt Ltd, one of the promoters of the company, by more than 2% of the total shareholding of the company. The lender has invoked the pledge on the shares for recovery of outstanding dues against loans. HDFC now holds 50,00,000 equity shares of Ansal Housing, or 8.42% of its paid-up share capital.