HOUSING DEVELOPMENT and INFRASTRUCTURE LTD. - Release of Pledged shares

Housing Development and Infrastructure Ltd has informed BSE that <br/><br/>"We are in receipt of Form W from IL and FS Trust Company Limited / Promoter that they have released 7,00,00,000 (Seven Crore only) equity shares (48.11% of the total pledged shares) of the Promoter (Mr. Rakesh Kumar Wadhawan) from Non Disposal Undertaking requirements."