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

Mortgage lender 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. Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance.

The Gruh Finance stake sale earned HDFC Rs 899.43 crore. "Post the completion of the aforesaid sale of shares, Gruh Finance would cease to be a subsidiary of the corporation," HDFC said in the filing.

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HDFC sells further 4.22% stake in Gruh Finance 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.

Gruh Finance falls 7.5% after report of promoter stake sale. 1 min read. 14 Jun 2019. HDFC sells further 4.22% stake in Gruh for 899 crore

In 2017-18, ITC and its subsidiaries had earned Rs 4,189 crore in foreign. shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out through stock exchanges at the.

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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.

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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 New Home Loans in Sant Fe Estates 1 neighborhood in Plano in Gruh.

HDFC sells further 4.22% stake in GRUH Finance for Rs 899 crore. 25.01.2019 Gruh Finance Q3 profit up 6.5% to Rs 97 cr. More Results of Finance – Housing Sector. Starbucks | Narendra Modi.

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. rose by.

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.

HDFC sells further 4.22% stake in Gruh for Rs 899 crore The average price was Rs 290.14 equity share, HDFC said in a regulatory filing.