Mumbai, June 01: Alpine International Ltd, an affiliate of Wargburg Pincus LLC, has sold 63 lakh shares of HDFC Ltd to foreign investors having interest in Indian housing finance market. Following this deal, the shareholding of Wargburg Pincus LLC's affiliates in the company stands reduced to 6.22 per cent of the capital, HDFC informed the Bombay Stock Exchange on Saturday.

HDFC said these shares are believed to have been acquired by the long term foreign investors as part of their strategy to participate in the growing Indian housing finance market. Bureau Report