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HDIL surge 4% as promoters revoke all pledged shares

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New Delhi: Shares in realty player Housing Development and Infrastructure (HDIL) jumped over 4 per cent to Rs 85.8 on Tuesday as the company has revoked all shares earlier pledged with IL&FS Trust.
HDIL has earlier said that IL&FS Trust has released 7.54 crore shares of the promoters including those of the firm’s chairman, Rakesh Kumar Wadhawan. These shares comprise 51.89 per cent of the total shares pledged by the promoters.
IL&FS Trust had earlier released 7 crore equity shares on July 4, which was 48.11 per cent of the total pledged shares.

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