HDFC Ltd divests 1% stake in Ansal Housing for nearly Rs 49 lakh

Housing finance major HDFC Ltd on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction.

Topics
HDFC Ltd | Companies | Divestment

Press Trust of India  |  New Delhi 

Govt gears up for divestment drive
Illustration: Ajay Mohanty

Housing finance major on Tuesday divested 1 per cent stake in real estate company Ansal Housing & Construction Ltd through an open market transaction.

According to bulk deal data available with the NSE, Housing Development Finance Corporation Ltd (HDFC) sold a total of 5,74,726 shares, amounting to 0.96 per cent stake of Ansal Housing Ltd.

The shares were offloaded at an average price of Rs 8.47 apiece, valuing the transaction at Rs 48.67 lakh.

The scrip of Ansal Housing closed 2.53 per cent lower at Rs 7.70 apiece on the NSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read our full coverage on HDFC Ltd
First Published: Tue, April 19 2022. 22:02 IST
RECOMMENDED FOR YOU