HDFC sells 4.22% stake in Gruh Finance
15th Jun 2019

Housing Development Finance Corporation (HDFC) has sold 3.10 crore equity shares representing 4.22% of the issued and paid-up share capital of Gruh Finance. The sale was carried out through stock exchanges at the prevailing market price. The average price was Rs 290.14 per equity share.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.