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

HDFC shed 2.5% at Rs. 1,201 after the company reported a 8.1 percent rise in Q4FY15 net profit at Rs. 1,862 crore, backed by 12.5 percent jump in total income at Rs. 7448 crore. Axis Bank rallied 3% to Rs. 552 after the bank reported 18.3% jump in Q4 net profit at Rs. 2,180.59 crore.

Bulk deal data on the NSE showed that Société Générale bought 41.9 lakh shares of Gruh Finance at Rs 290 per share..

NCLT directs Bandhan Bank to seek shareholders’ nod for merger with Gruh Finance Business Today 6/22/2019 HDFC sells another 4.22% stake in Gruh Finance for Rs 899 crore

Expected Profit By HDFC Bank| Awaaz Samachar  · 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.

External commercial borrowings (ECBs) by Indian firms declined by 32 per cent to $2.61 billion in September, according the Reserve Bank data on Tuesday. The borrowings were at $3.18 billion in the.

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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.

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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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 · Gruh Finance (formerly Gujarat Rural Housing Corporation Limited) was set up in 1986 by HDFC with the objective of providing institutional structure to rural housing finance. HDFC owns around 60% stake in the company and provides it equity support. Gruh’s major focus is.

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. 14 Jun, 2019, 04.25PM IST

 · 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.

The housing loan limits for eligibility under priority sector lending were revised during June 2018 for Scheduled Commercial Banks only..