HDFC sells further 4.22% stake in Gruh for ₹899 crore

HDFC sells another 4.22 per cent stake in Gruh news and related update by Business Line . Gainers/Losers Results Calendar Tools Trending News News by Trendlyne. HDFC sells further 4.22% stake in Gruh Finance for 899 cr

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.

In 2017-18, ITC and its subsidiaries had earned Rs 4,189 crore in foreign. shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the.

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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 a.

Expected Profit By HDFC Bank| Awaaz Samachar 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. The sale of 3.

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 · HDFC Ltd said during market hours on Friday that it has sold over 4.22% stake in subsidiary Gruh Finance Ltd, which is proposed to be amalgamated with Bandhan Bank for Rs899.43cr.

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 · HDFC further in a filing said, “Post the completion of the aforesaid sale of shares, Gruh Finance would cease to be a subsidiary of the corporation.” HDFC is entitled to hold 14.96 percent stake in Bandhan Bank after the private lender’s merger with Gruh Finance, according to.