Housing Development Finance Corporation Limited (HDFC) has concluded the sale of 47,75,241 equity shares of Re1 each, representing 24.48% of the equity capital of Good Host Spaces Private Limited to Baskin Lake Investments Ltd., at a price of Rs452.71 per equity share, aggregating to a consideration of Rs216.18cr.
Post sale, Good Host has ceased to be an associate of the Corporation, company said in a regulatory filing on Thursday.
The company on January 20, 2021 had entered into share purchase agreement for sale of 47,75,241 equity shares of Re1 each, representing 24.48% of the issued and paid up capital of Good Host.
At around 10.19 am, Housing Development Finance Corporation Ltd was trading at Rs2466.35 per piece down Rs12.95 or 0.52% from its previous closing of Rs2,479.30 per piece on the BSE.