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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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.

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

New Delhi, Jun 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.

Consumer businesses also provided a further boost to the overall revenue. Operating profit before other income and depreciation increased 64.6 per cent to Rs 20,661 crore on the back of 33 per cent.

HDFC had sold 6.10 per cent stake Gruh earlier in May.. Corporation has sold another 4.22 per cent stake in Gruh Finance (Gruh), in line with. sold certain additional shares of Gruh – 3,10,00,000 equity shares representing.

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HDFC sells further 4.22% stake in GRUH Finance for Rs 899 crore ArcelorMittal to cut 2,000 jobs in South Africa IL&FS puts Rs 2,880 acre land parcels in Kutch for sale

and stay strategically invested in its housing finance arm. New Delhi, Apr 30 () The government has issued a notification taking over the national housing bank (nhb) after buying entire stake for Rs 1.