IL&FS Financial Services Limited, in a BSE filing, said that it has acquired over 1.5 Cr shares of @Era_Infra
Limited through a pledge creation.
IL&FS is a non-promoting entity and it held 6.6% stake. The acquisition increases its holding to 14.86% and the total shares held reaches 2.7 Cr.
Era Infra's stock price was around R137-138 during the pledge creation.