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

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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.

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 · 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.

Tax and interest-rate hikes are driving buy-to-let investors to sell up Rising productivity means that the unit cost of goods and services is likely to remain stable, meaning rising wages won’t be driving higher inflation as long as improved corporate investment.

9 – HDFC sells further 4.22% stake in Gruh Finance for 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.

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.

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.

Further 4.22% Stake Sold By HDFC In Gruh Finance. Biocon Ltd has divested 1.88% stake in its research arm syngene international, for approx Rs.230 crore. In a regulatory filing the company stated, "Biocon, the promoter of Syngene International, on May 16, 2018 has sold 37,65,574 equity shares.

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HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore 1 month 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.