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Why HDFC is selling Gruh Finance stake amid unit’s merger with Bandhan Bank

By Ankit Doshi

  • 24 May 2019
Premium
Why HDFC is selling Gruh Finance stake amid unit’s merger with Bandhan Bank
Credit: 123RF.com

Housing Development Finance Corp. Ltd (HDFC) on Friday sold part of its stake in Gruh Finance Ltd even as the unit is in the middle of a merger with Bandhan Bank Ltd, another publicly listed private-sector lender. India’s largest mortgage lender sold 32.58 million Gruh Finance shares via multiple block deals. ......

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