IDBI Trusteeship invokes pledge on 30 mn HCC shares as promoter firm defaults on NCD1 min read . Updated: 22 Nov 2022, 04:49 PM IST
- IDBI Trusteeship Services is the debenture trustee for NCDs issued by Arya Capital Management Pvt Ltd. The company issued debentures and to secure these debentures, it pledged shares of HCC in favour of the trustee
MUMBAI: IDBI Trusteeship Services Ltd. has invoked 30 million pledged shares, representing a 1.98% equity stake in Hindustan Construction Company (HCC), after promoter group company Arya Capital Management defaulted on its non-convertible debenture.
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