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This Article is From Feb 24, 2012

HDFC shares sees block deals

HDFC shares sees block deals
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)

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