ANI
26 May 2022, 23:33 GMT+10
Mumbai (Maharashtra) [India], May 26 (ANI): India's largest mortgage lender Housing Development Finance Corporation (HDFC) on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Limited (HCAL) to Abu Dhabi Investment Authority for 184 crore.
"We refer to our intimation dated April 20, 2022 under Regulation 30 of the Listing Regulations informing about execution of a share purchase agreement for sale of 2,35,019 equity shares of Rs 10 each of HDFC Capital Advisors Limited (HCAL) representing 10 per cent of its fully diluted paid-up share capital, to a wholly owned subsidiary of Abu Dhabi Investment Authority, for an aggregate consideration of approximately Rs 184 crore," HDFC said in a regulatory filing to the stock exchanges.
"In this connection, we wish to inform you that the Corporation has on May 25, 2022 concluded the aforementioned sale, at a price of Rs 7,841.49 per equity share, aggregating to a consideration of Rs 184.29 crore," it added.
After the stake sale, HDFC Capital Advisors Limited ceases to be a wholly-owned subsidiary of HDFC. However, it continues to be a subsidiary of the Corporation. (ANI)Get a daily dose of Kolkata Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kolkata Sun.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
NEW DELHI, India: Birkenstock is stepping up its efforts to protect its iconic sandals in India, as local legal representatives conducted...
Mumbai (Maharashtra) [India], July 11 (ANI): Maharashtra Deputy Chief Minister Ajit Pawar on Friday urged the Central Government to...
London [UK], July 11 (ANI): Former England captain Nasser Hussain termed the first session on day two of the third Test at Lord's as...