HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore

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"The corporation being a shareholder of Gruh is entitled to 14.96% of the post amalgamation paid up capital of Bandhan, based on the share exchange ratio. However, the Reserve Bank of India has directed it to hold 9.9% or less of the paid up capital of Bandhan, post the merger," said HDFC. The sale reported under this disclosure is part of the said transaction, said HDFC. HDFC has been selling stake in Gruh Finance to meet the central bank’s requirements. Last month the lender sold 6.

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HDFC sells further 4.22% Gruh Finance Ltd (Gruh) stake for Rs 899 cr.. Mortgage lender HDFC Friday said it has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to.

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.

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Housing Development Finance Corporation said it has sold 4.2 percent stake in its housing finance unit gruh finance at price of Rs 290.14 per share for an aggregate amount of Rs 899.4 crore.. cnbc-tv18 had reported on June 13 that the private lender is looking to sell the stake in the unit to comply with a requirement by the Reserve Bank of India (RBI) to facilitate the latter’s merger with.

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 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. Post the completion of the aforesaid sale of shares, Gruh would cease to be a subsidiary of the Corporation.

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.

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. crore during.

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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.