Carlyle sells 3.7% stake in HDFC for about Rs 4,300 crore
Global fund house Carlyle on Friday sold its 3.7 per cent stake in housing finance major HDFC Ltd for nearly Rs 4,300 crore.
New Delhi: Global fund house Carlyle on Friday sold its 3.7 per cent stake in housing finance major HDFC Ltd for nearly Rs 4,300 crore.
US-based Carlyle, which held 5.7 crore shares through one of its entities CMP Asia in Housing Finance Development Corporation (HDFC), today sold its entire holding through open market transactions, investment banking sources involved in the deal said.
The deal took place at a price of Rs 750-755 per share, they said.
HDFC shares were trading at Rs 753.80, down 4.36 per cent at 1153 hrs on the BSE. The company currently commands a market value of Rs 1,15,283 crore.
The shares have witnessed a sharp rally this year, rising from near Rs 600 level in December, 2011.