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Capital Market | 15 October 2012

IL&FS Financial Buys Pledged Shares: Hikes Stake In Era Infra

by Paritosh Gajjar
IL&FS Financial Buys Pledged Shares: Hikes Stake In Era Infra
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IL&FS Financial Services Limited, in a BSE filing, said that it has acquired over 1.5 Cr shares of Era Infra Engineering 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.

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