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

Post-deal, HDFC will have a 15 percent stake in the bank. According to regulations, it can own a maximum stake of 9.9 percent in another bank (as already shareholder in HDFC Bank) subject to regulatory approval. If it sells 5 percent stake, then it can fetch Rs 4,000 crore (based on combined M-cap of Rs 80,600 crore on the deal value), it said.

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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 further 4.22% stake in Gruh Finance for Rs 899 crore NEW DELHI: 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.

 · 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.

2 Myths Holding Back Home Buyers 2 Myths Holding Back Home Buyers by The KCM Crew on June 10, 2019 in Buying Myths, Down Payments, First time home buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers. Are you a Bridge Builder? If so, log in to share a personalized version of this post.

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.

 · Yes. Gruh is a housing finance company where HDFC owns a 59.7% stake. Its major focus is to provide home loans to individuals and families for purchase, construction and extension in rural and semi-urban India. It also provides loans for repair and renovation of houses.

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

NEW DELHI: 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..

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 sale.

HDFC sells further 4.22 pc stake in Gruh for Rs 899 crore HDFC sells further 4.22% stake in GRUH Finance for Rs 899. – HDFC sells further 4.22% stake in GRUH Finance for Rs 899 crore 10 key factors that will keep traders busy this week bollywood scores seven.

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