IDBI Trusteeship Services Limited is a security trustee holding the pledge as security for various banks for their loans sanctioned to Adani Power, the company said in a BSE filing.
As many as 18.49 crore shares are pledged in favour of IDBI Trusteeship Services Limited, pursuant to approval of the lenders and the High Court order for demerger on May 17, 2015, Adani Power said in the statement.
The statement revealed that the IDBI Trusteeship acquired 18.49 crore shares on June 17.
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