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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.
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.
HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore. Gruh Finance, Bandhan Bank shares tumble up to 15 pc. Shares of. The stock of Gruh Finance after a weak opening further slumped 14.36 per cent to Rs 262.20 on BSE.
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 sells further 4.22% stake in Gruh for Rs 899 crore – The corporation is a shareholder of Gruh is entitled to 14.96% stake post-amalgamation, based on the share exchange ratio
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Get GRUH Finance latest Balance Sheet, Financial Statements and GRUH finance detailed profit and loss accounts.. 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.
“We now wish to inform you that the Corporation has today, sold certain additional shares of Gruh – 3,10,00,000 equity shares representing 4.22.
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Read more about HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore on Business Standard. Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company
Housing Development Finance Corporation (HDFC) on Friday said that it has sold 3.1 crore shares or 4.22 percent stake in Gruh Finance for Rs 899.43 crore. Shares of Gruh Finance slumped 7.5.
Gruh is a deposit-taking housing finance company. Gruh Finance Limited came into effect from. HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore. MORE FROM THE AUTHOR · IBPS RRB recruitment 2019:.
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