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

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– HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore 3 weeks ago By NBM Team 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.Property Jargon of the Day: Lock-In Clause – Property.

 · Mortgage lender HDFC Friday said it has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated. Read More Reliance, HDFC, 55.

 · 14 Jun 2019. 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.

"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% 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.

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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.

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 in Q1 earns Rs 1,900 cr on sale of investments in GRUH Finance During the quarter, HDFC assigned loans of Rs 7,230 crore, which was lower by 25.6 percent compared to Rs 9,714 crore in.