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HDFC acquires 6.43% stake in Reliance Capital

Mortgage lender HDFC on Saturday said it has bought 6.43 in line with cent stake in debt-trapped Reliance Capital by way of invoking pledged shares. These shares were bought pursuant to invocation of pledge by way of safety trustee on behalf of the company, which was pledged towards a loan given by way of the lender in its commonplace course of commercial, HDFC Ltd said in a regulatory filing.

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