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

HDFC sells further 4.22% stake in Gruh for Rs 899 crore 06-14 moneycontrol.com 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.

HDFC Sells Further 4.22% Stake In Gruh Finance For Rs 899 Crore. said it has sold over 4.22 percent stake in subsidiary Gruh Finance Ltd.,

New Delhi: 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.

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In order to comply with the RBI requirement HDFC sold 6.10% stake for Rs 1327.89 crore in May 2019 and 4.22% stake in June for Rs 899 crore. HDFC is selling stake such that it holds up to 9.9% stake post-amalgamation in the paid-up capital of Bandhan Bank.

Get all Latest News about Stake In Gruh Finance For Rs, Breaking headlines and Top stories, photos & video in real time. HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore Read the article.. HDFC sells another 4.22% stake in Gruh Finance for Rs.

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.

Mortgage lender HDFC 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.

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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.

View live GRUH FINANCE chart to track its stock's price action.. hdfc sells another 4.22% stake in Gruh Finance for Rs 899 crore The sale was. One analyst said diluting Bandhan Financial's stake was probably the main motive and the.

MUMBAI: Mortgage lender Housing Development Finance Corporation (HDFC) on Friday said it has sold 3.1 crore shares or 4.22% stake in Gruh Finance for Rs 899.43 crore. The sale was carried out through stock exchanges at the prevailing market price, said HDFC in a notification to the stock exchanges. The average price was Rs 290.14 per share.