Housing Development Finance Corporation shares fell on Friday after media reports that U.S. private equity firm Carlyle Group is set to sell a 3.7% stake to raise as much as $861 million.
The shares of the company was seen trading lower by 4.61% at Rs 751 on BSE at 10.30 am IST. It touched intra-day low of Rs 738.
Carlyle is selling about 57 million shares of HDFC in a price band of 760 rupees to 781.25 rupees a share - a discount of 1-3.7 percent from the lender's closing price on Thursday of 789.05 rupees, the term sheet said, as per Reuters report.
As per reports, the deal would raise $861 million, making it India's fourth-largest equity deal this year.
HDFC's consolidated net profit rose 25.1% to Rs 1275.86 crore on 21.6% growth in total income to Rs 7276.51 crore in Q1 June 2012 over Q1 June 2011.
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google