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

NEW DELHI: Mortgage lender HDFC Friday said it 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. The sale.

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Bandhan Bank stock surges 3% after NCLT clears merger with Gruh Finance Bandhan Bank stock surges 3% after NCLT clears merger w.. Share price of Bandhan Bank surged 3 % to intraday high as the lender received approval from National company law tribunal (NCLT) for the me..

Deepak Parekh was re-appointed as a Non-Executive Director of HDFC Deepak Parekh was re-appointed as a Non-Executive Director on the board of the country’s largest mortgage lender HDFC but nearly 23 per cent of the shareholders voted against his continuation.

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HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore. allied-industries HDFC sells 6.1% in subsidiary Gruh Finance to comply with RBI directive . allied-industries. its valuation implied by the swap ratio works out to Rs 20,855.3 crore, or 7 per cent lower than its market.

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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Consumer businesses also provided a further boost to the overall revenue. operating profit before other income and depreciation increased 64.6 per cent to Rs 20,661 crore on the back of 33 per cent.

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.

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HDFC sells further 4.22% Gruh Finance Ltd (Gruh) stake for Rs 899 cr. RBI approves HDFC for holding 9.9 pc stake in Bandhan Bank.. HDFC profit at Rs 2,114 crore in Q3.

HDFC sells further 4.22 pc stake in Gruh for Rs 899 crore ITC earns Rs 4,673 crore in foreign exchange in 2018-19 Raj PWD engineer in ACB net; disproportionate assets of around Rs 16 crore seized