NBFC-giant,
HDFC-led subsidiary HDFC Investments has concluded the sale of 7,960 Ordinary Class B shares to WL Ross & Co. LLC and/or its affiliates for a total consideration of USD 1,29,663.23 equivalent to Rs96.94 lac.
The NBFC informed the sale on NSE.
Earlier in January this year, the HDFC's subsidiary had agreed to sale its entire stake of 7,960 Ordinary Class B shares of par value USD 1 each of India Asset Recovery Management Limited (IARM), a company situated in Mauritius, representing 19.9% of the issued and paid-up capital of IARM and that the said transaction would be completed within a period of 10-12 months.
On NSE, HDFC finished at Rs2,496.70 per piece up by 0.85%.