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HDFC shares sees block deals
Citi will get $1.9 billion from the transaction at the current exchange rate, resulting in a pre-tax gain of $1.1 billion (Rs 5,490 crore), and an after-tax gain of approximately $722 million (Rs 3,550 crore).
24 Feb 2012, 03:35 PM IST 
Source: Reuters
Shares in India's top mortgage lender Housing Development Finance Corp were traded in block deals early on Friday, stock exchange data showed, with the stock falling as much as 6 percent.
About 145 million shares changed hands on the exchanges, data showed.
Citigroup Inc plans to raise up to $2.1 billion by selling its entire stake in HDFC on Friday as part of the U.S. bank's efforts to shore up its capital base, three sources with direct knowledge said.
(Copyright Thomson Reuters 2012)