HDFC has sold 1.29 crore shares of Unitech in the open market and invoked nearly 8.2 crore pledged shares of the crisis-hit realty firm. It has sold 1,29,19,566 shares carrying voting rights worth 0.49 percent stake, and invoked 8,19,88,820 pledged shares worth 3.13 percent stake.
Unitech is engaged in real estate activities. The company is engaged in developing/constructing residential and commercial properties in India and selling the immovable properties to customers.
