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HDFC sells further 4.22 pc stake in Gruh for Rs 899 crore ITC earns Rs 4,673 crore in foreign exchange in 2018-19 Raj PWD engineer in ACB net; disproportionate assets of around Rs 16 crore.
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· HDFC sells further 4.22% stake in Gruh for Rs 899 crore (Representational Image) | Photo Credit: PTI New Delhi: Mortgage lender HDFC Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be.
NEW DELHI, June 14: Mortgage lender HDFC Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore. The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital.
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Gruh Finance fell 5.40% to Rs 291.85. The company disclosed after market hours that HDFC sold 3.10 crore shares, or 4.22% stake, of Gruh Finance in the open market today, 14 June 2019. Post transaction, HDFC’s stake in Gruh Finance has reduced to 47.43% from 51.65% earlier.
The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the prevailing market price, HDFC said in a.