For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

People's Bank Of China Divest Stake In HDFC In June Qtr

|

People's Bank of China (PBOC) trims its holding in the country's leading HFC company HDFC after a furore in April month.

Now as per the latest shareholding pattern in the June quarter, PBOC is no longer a stakeholder in the company. During the quarter ended March 2020, PBOC held 17.5 million shares, or 1.01 per cent stake in HDFC, valued at Rs 3,300 crore at current market rate.

People's Bank Of China Divest Stake In HDFC In June Qtr
 

So whether or not the bank still has a share in the bank cannot be said rightly as stock exchange disclosure norms provide for shareholders in a company who have a holding of over 1%. Further whatever be the quantum of sale the bank must have made a neat profit.

As the housing financier after slumping a great deal in March has rebounded sharply from its March 2020 lows.

GoodReturns.in

Read more about: hdfc
Story first published: Friday, July 10, 2020, 13:11 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more