Housing Development Finance Corporation (HDFC) has invoked 50 lakh shares pledged by Ansal Housing to recover its dues from the company. For the purpose of recovery of part outstanding dues against loans availed by certain pledges/borrowers, the Corporation on December 13, 2021 invoked the pledge on 50,00,000 shares of Ansal Housing aggregating to 8.42 per cent of its paid-up share capital, pledged with the Corporation by the said borrower.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
