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

Further 4.22% Stake Sold By HDFC In Gruh Finance June 15, 2019 at 10:03 AM EquityPandit HDFC in a regulatory filing said that the sale of 3.1 crore shares of Gruh was carried out through stock exchanges at the prevailing market price.

HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company

NEW DELHI: Mortgage lender HDFC Friday said it 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.

The Housing Development Finance Corporation (HDFC ) offloaded another 3.10 crore shares or 4.22 per cent stake in Gruh Finance for Rs 899.43 crore on Friday. HDFC has been paring stakes in Gruh.

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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TCIPL (tata communications international Pte Ltd) has divested 26 per cent stake in STT. representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at.

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 4.22% stake in Gruh for Rs 899 cr news and related update by Economic Times. Housing Development Finance Corporation Ltd. is trading above all available SMAs. As revenues near 40,000 crore, HUL is in reinvention mode.

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.

HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore. allied-industries hdfc sells 6.1% in subsidiary Gruh Finance to comply with RBI directive . allied-industries. its valuation implied by the swap ratio works out to Rs 20,855.3 crore, or 7 per cent lower than its market.