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

Gruh Finance Q1 net profit flat at Rs 115 cr The company’s revenue increased to Rs 532.97 crore in the June quarter of 2019-20, as against Rs 450.95 crore a year ago, Gruh Finance said in a regulatory filing.

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 further 4.22% stake in Gruh for Rs. 899 crore. (Current Affairs and GK Questions of 20 th June 2019 ) mortgage lender hdfc said it has sold over 4.22% 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 (Representational Image) | Photo Credit: PTI New delhi: mortgage lender hdfc 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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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.

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 sale.

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 Get all Latest News about Stake In Gruh Finance For Rs, Breaking headlines and Top stories, photos & video in real time.

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In order to comply with the RBI requirement hdfc sold 6.10% stake for Rs 1327.89 crore in May 2019 and 4.22% stake in June for Rs 899 crore. hdfc is selling stake such that it holds up to 9.9% stake post-amalgamation in the paid-up capital of Bandhan Bank.

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.