HDFC Bank on Thursday said it has sold a 3.03% stake in Indraprastha Medical Corporation Ltd for Rs 55.46 crore through the secondary market route on NSE.
Incorporated in 1988, Indraprastha Medical Corp. Ltd is promoted by the Delhi government and Apollo Hospitals.
It operates two hospital facilities -- one based out of New Delhi and another in Noida.
HDFC Bank, in a filing, said 27,81,897 shares of Indraprastha (being 3.03% equity stake) were sold over a period between Feb. 29 and April 4, 2024, (both days inclusive) by the lender.
Post divestment, the shareholding of the bank in Indraprastha Medical Corporation reduced to 2.45%, the filing said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
