Citi sells HDFC block

Citi reduces HDFC stake to below 10%

HDFC's largest shareholder raises $236.5 million from a block trade as it seeks to reduce its risk levels ahead of the implementation of Basel III.

Citi last night trimmed its stake in India’s Housing Development Finance Corp (HDFC) through the sale of a small self-led block that was well received despite the continued pressure on Asian equity markets.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at subscriptions@financeasia.com. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media