ICICI releases 11.04% of DB Realty’s pledged shares
Mumbai-based real estate developer DB Realty informed the BSE on Friday that ICICI Bank UK Plc has released 11.04% of the shares pledged with the lender after DB repaid a portion of the ‘financial facility’ that a group company had earlier availed. DB had earlier pledged shares representing 39.98% of the existing paid-up capital of the company, it said in the notice.
In the report ‘Wipro out of Nifty from April 1’, the second paragraph makes an erroneous mention of the term ‘delisting’. It is only a short-term withdrawal as the copy goes on to say later. The error is regretted.
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