HDFC Ltd has sold 1,29,19,566 shares carrying voting rights worth 0.49 per cent stake, and invoked 8,19,88,820 pledged shares worth 3.13 per cent stake, according to a regulatory filing.
Promoters hold 17.92 per cent stake in Unitech, of which 73 per cent is pledged, as per the shareholding pattern at the end of the second quarter of this fiscal.
Unitech's share price closed marginally up at Rs 6.67 apiece on the BSE today. The company's market cap stood at around Rs 1,750 crore.
Unitech is facing huge protest from home buyers because of delay in completion of about 70 projects involving more than 16,000 flats.
Yesterday, the Supreme Court stayed the December 8 order of the NCLT allowing the Centre to take over the management of Unitech.
The National Company Law Tribunal (NCLT) had suspended all the eight directors of the realty firm over allegations of mismanagement and siphoning of funds and authorised the Centre to appoint its 10 nominees on the board.
In a statement yesterday, Unitech said the apex court order will help the company in completion of the projects and also refunds to customers.
"We will now work on getting the various accounts and receivables active again which were affected as consequence of the order dated December 8th.
"We strongly believe that the current management is better equipped to handle the completion of the 74 projects that are in various stages of construction," the statement had said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.