HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore

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HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore The sale was carried out through stock exchanges at the prevailing market price. The average price was at Rs 290.14 per equity share.

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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. rose by.

HDFC sells further 4.22% stake in Gruh for Rs 899 crore. 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 regulatory filing.

– HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore 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 regulatory filing.

HDFC sells 4.22% stake in Gruh Finance for Rs 899 cr; shares of both companies decline Business Press Trust of India Jun 14, 2019 17:19:15 IST New Delhi: Mortgage lender HDFC on Friday said it has sold over 4.22 percent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore.

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HDFC has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for 899.43 crore. Post the completion of the aforesaid sale of shares, Gruh would cease to be a subsidiary of the Corporation.

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The Gruh Finance stake sale earned hdfc Rs 899.43 crore. In May, HDFC sold 6.1 percent stake in Gruh Finance for Rs 1,327.89 crore to meet the RBI directive. On Friday, HDFC shares fell 0.97 percent to Rs 2,175.75 crore apiece on the BSE while Gruh Finance’s shed 5.40 percent to Rs 291.85.

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