Private lender
HDFC Bank was trading on a higher note during Monday's session after the lender announced its shareholding pattern as of December 2020. On Sensex, has hit a 52-week high of Rs1465 per piece in early deals.
At around 12.41 pm, HDFC Bank was trading at Rs1454.35 per piece up Rs22.50 or 1.57% on Sensex. At current market price, the bank's valuation stood over Rs8.01 lakh cr on the index.
According to the regulatory filing, in the public shareholding category, ICICI Prudential Life's name which had held about 1.23% stake in the bank as of September quarter, did not appear in the December quarter pattern.
As of September 2020, as per the shareholding filing of HDFC Bank, ICICI Prudential had 5,52,44,616 equity shares representing 1.23% stake in HDFC Bank.
As per reports, this suggests that ICICI Prudential's stake in HDFC Bank has dropped below 1% as of December 2020 period.
Moreover, in the promoter group shareholding pattern, parent HDFC's stake stood at 19.30% as of December 2020, compared to 19.32% as of September 2020. While HDFC Investments continue to hold 6.70% stake in the bank.
So far, promoters and promoter group shareholding in HDFC Bank stands at 26%, while public shareholding at 74% as of December 2020.