Take note of this announcement if you are holding this penny stock!

HDFC earlier, in the first week of August 2021, had informed about the invocation on 46,20,000 shares of Ansal Housing Limited,

Over the last 35 years, Ansal Housing has already completed the development of about 76 million square feet of area across India including landmarks like Vikas Minar & Statesman House in Delhi, North India's first factory outlet mall Ansal Plaza in Ghaziabad, Aashiana in Lucknow, amongst several others.  

Ansal Housing has always been the forerunner of real estate development in tier II and tier III cities such as Meerut, Ghaziabad, Karnal, Alwar, Jammu, etc. The company has catered to the vast demand for residential and commercial development in these cities for over 35 years, proudly bringing them today to an international standard of living.  

Housing Development Finance Company (HDFC) has informed that it has sold 12,67,504 shares, representing 2.13 per cent of the paid-up share capital of Ansal, including 1,57,939 shares, representing 0.27 per cent of the paid-up share capital of Ansal as of September 24, 2021.  

HDFC earlier, in the first week of August 2021, had informed about the invocation on 46,20,000 shares of Ansal Housing Limited, aggregating 7.78 per cent of its paid-up share capital by the Corporation, for recovery of part outstanding dues against loans availed by pledgers/borrowers.   

The stock has closed up by nearly 1.5 per cent on Monday. On a YTD basis, it is down by 7.14 per cent while on an MTD basis, it is marginal down by nearly 0.70 per cent.