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

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

HDFC sells further 4.22% gruh finance Ltd (Gruh) stake for Rs 899 cr. Mortgage lender HDFC Friday said it has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is New Delhi: Housing finance company HDFC on Tuesday reported a net profit of Rs 2,113.80 crore on the.

HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore. Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance. HDFC Q1 net profit up 54% to Rs 21.9 bn; gets nod for Rs 350-bn bonds issue.

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NEW DELHI, June 14: 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. The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital.

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HDFC to sell ~9% stake in Gruh Finance through block deal today. In Apr-19, CCI gave approval for Bandhan-Gruh merger. Adani Green to buy 205 MW Solar assets of Essel Group for The average remaining PPA life for the portfolio is around 22 years. Essel Group’s solar energy portfolio consists of.

Mumbai: State Bank of India has sold 4 per cent stake in the largest credit information company Credit Information Bureau India Ltd (Cibil) for an estimated Rs 72 crore. "We had 10 per cent stake in Cibil and have sold 4 per cent to two IIFL subsidiaries.

The Housing development finance corporation (hdfc ) offloaded another 3.10 crore shares or 4.22 per cent stake in Gruh Finance for Rs 899.43 HDFC has been paring stakes in Gruh Finance to meet RBI’s requirement for Bandhan Bank merger. "The Corporation being a shareholder at Gruh.

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