Housing Development Finance Corporation Ltd will issue total 1.8 crore shares or 7.11 per cent equity to Citigroup Strategic Holdings Mauritius and CMP Asia of the Carlyle group. The preferential allotment was cleared by shareholders at the annual general meeting Wednesday.
The shares will be allotted at Rs 1,730 each, a discount of Rs 152 to the current market price of Rs 1,882 on the National Stock Exchange. The stock is today up nearly 1 per cent over Wednesday.
Citigroup Strategic Holdings Mauritius already holds 9.15% equity in HDFC. Post -allotment, its stake will rise to 9.55 per cent. CMP Asia will hold 5.63 per cent post allotment, against nil now.
Read more in The Economic Times article.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment