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HDFC sells further 4.22 pc stake in Gruh for Rs 899 crore

HDFC is entitled to hold 14.96 percent stake in Bandhan Bank after the private lender’s merger with Gruh Finance, according to the share swap ratio for the deal. The Reserve Bank of India, however, has directed HDFC to hold 9.9 percent or less of the paid-up capital of Bandhan Bank. In May, HDFC sold 6.1 percent stake in Gruh Finance for Rs 1,327.89 crore to meet the RBI directive.

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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 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 seized

Private sector lender Yes Bank Tuesday said it has acquired eight crore shares in electric equipment maker CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79 percent ownership in the company and will be valued at Rs 292.56 crore as per the Tuesday’s close.

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India Business News: Mortgage lender HDFC on Friday said it has sold over 4.22 per cent stake in subsidiary gruh finance Ltd (Gruh), which is.

Mortgage lender HDFC on 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.

HDFC sells further 4.22% stake in Gruh for Rs 899 crore The average price was Rs 290.14 equity share, HDFC said in a regulatory filing.

Gruh Finance plunges 7% as HDFC reduces stake MoneycontrolGruh Finance tanks 7% on block deals; hdfc likely seller, Blackstone buyer economic timesgruh Finance falls 7.5% after report of promoter stake sale LivemintGruh Finance plunges 7% as hdfc reduces stake moneycontrolhdfc sells further 4.22% stake in Gruh for Rs 899 crore Economic TimesView full coverage on Google News from Top stories.

Housing Development Finance Corp. Ltd. on Friday said it has sold over 4.22 percent stake in subsidiary Gruh Finance Ltd., which is in the.

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