HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore
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Gruh Finance Q1 net profit flat at Rs 115 cr. Jul 03, 16:12. HDFC in Q1 earns Rs 1,900 cr on sale of investments in GRUH Finance. Jun 14, 16:04. HDFC sells further 4.22% stake in GRUH Finance for Rs 899 crore. Jun 14, 15:21. Gruh Finance plunges 7% as HDFC reduces stake
HDFC 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.
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.
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HDFC sells further 4.22 per cent stake in Gruh Finance for Rs 899 crore Description: Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company.
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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.
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HDFC sells further 4.22% stake in GRUH Finance for Rs 899 crore rupee settles 13 paise up at 71.14 against dollar despite outflows Reporter’s Take | Restaurants say no to deep discounts, pull out.
New delhi: mortgage lender hdfc on Friday mentioned it has offered over 4.22 p.c stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Financial institution for Rs 899.43 crore.
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HDFC sells further 4.22% stake in GRUH Finance for Rs 899 crore. 25.01.2019 Gruh. 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.