Thursday, May 19, 2022
  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us
No Result
View All Result
WORLDHAB
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media
No Result
View All Result
WORLDHAB
No Result
View All Result

Home » News » HDFC sold Gruh Finance shares for Bandhan Bank Merger

HDFC sold Gruh Finance shares for Bandhan Bank Merger

June 15, 2019
in Finance, News
20
0

Gruh finance shares plunged 8 percent intraday on May 24 after HDFC sold some stacks in March and May this year to meet RBI conditions. As per media report, 2.36crore shares or 3.4% equity of the company changed hands in six block deals.

The company was quoting at Rs314.50 down Rs13.30 or 4.06 percent on the BSE at 14:57 hours IST. However, it last three months, it rallied 26 percent.

The scrip opened at Rs331 and has touched a high and low of Rs331 and Rs305 respectively.

The company`s net profit rose 1% to Rs129.65crore in the quarter ended March 2019 as against Rs128.10crore during the previous quarter ended March 2018. Sales rose 25.57% to Rs557.52crore in the quarter ended March 2019 as against Rs444.14cr during the previous quarter ended March 2018.

HDFC sold Gruh Finance shares for Bandhan Bank Merger

In a BSE filling, HDFC said it sold more than 4.47crore equity shares representing 6.10 percent of paid-up capital of Gruh.

The corporation sold Gruh finance shares to meet RBI conditions for Bandhan Bank merger.

“The corporation being a shareholder of Gruh is entitled to 14.96 percent of post-amalgamation paid-up capital of Bandhan, based on the share exchange ratio. However, the RBI has directed the corporation to hold 9.9 percent or less in Bandhan Bank post the merger. The sale reported under the disclosure is a part of said transaction,” HDFC said.

In March, the RBI granted its approval for the proposed scheme of amalgamation between Gruh and Bandhan Bank.

Share8Tweet5SendShare1Pin2Share
Previous Post

Insight from Toronto’s John Fielding, Others: Business Building with Limited Initial Capital

Next Post

Motto of G20 Finane Ministers meet at Japan’s Fukuoka

Bala

Bala

I build stories on popular topics in technology, sports and entertainment. A common Life lover who like to do watch cinemas, pencil drawings, dance, slow traveling, cook, create ideas, and so on. My own quote (I think so): Nothing surprising if we knew! Most of the WORLDHAB YouTube videos are created by me! Check it below;

Related Posts

cryptocurrency

Entering the World of Cryptocurrencies and Mining Helium Gateways

May 14, 2022
post card for real estate

Why Real Estate Postcards are Still Effective in a Digital World (and How to Use Them)

May 5, 2022
top US cities to invest in real estate

Top US Cities to Invest in Real Estate for 2022

May 5, 2022
Raja Rani Coupon Result

Raja Rani Coupon Result Live Today – Hourly Update

April 29, 2022
11 people killed in Kalimedu chariot festival near Thanjavur

11 people killed in Kalimedu chariot festival near Thanjavur

April 27, 2022
compTIA A+ practice test

How to Take a CompTIA A+ Practice Test

March 29, 2022
tips to get engineering jobs

Tips to Get the First job in the Engineering Field

March 24, 2022
private wealth advisor

Benefits of Hiring a Private Wealth Advisor

March 24, 2022
Next Post
Motto of G20 Finane Ministers meet at Japan's Fukuoka

Motto of G20 Finane Ministers meet at Japan's Fukuoka

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEARCH

No Result
View All Result

FOLLOW US

Follow our social media pages and get updates quicker than ever.

Facebook Twitter Youtube Instagram

RECENT POSTS

cryptocurrency

Entering the World of Cryptocurrencies and Mining Helium Gateways

May 14, 2022
dafabet review

Dafabet App Review – Download Apk for Android and IOS | India

May 12, 2022
best live casino

How to Choose the Best Live Casino in 2022

May 5, 2022
post card for real estate

Why Real Estate Postcards are Still Effective in a Digital World (and How to Use Them)

May 5, 2022
top US cities to invest in real estate

Top US Cities to Invest in Real Estate for 2022

May 5, 2022

TRENDS

  • DOWNLOAD BEAST MOVIE
  • DOWNLOAD KGF 2 MOVIE

ABOUT

Founded in 2016, WORLDHAB delivers news from the various niches around the world for the targeted audience. For any advertising queries, contact us anytime.

We got approved in Google news and Bing news in earlier 2016. And since then, we help small businesses to grow their business by improving their website authority.

POPULAR CATEGORIES

  • Business
  • Finance
  • Insurance
  • Bitcoin
  • Entertainment
  • Sports
  • Football
  • Cricket
  • Lifestyle
  • Health
  • Travel
  • Romance
  • Technology
  • Education

FOLLOW

Facebook Twitter Youtube Instagram Pinterest LinkedIn Vimeo

WORLDHAB STATS

  • Monthly Traffic: 50,000+
  • Site Age: 5 Years
  • Google News Approved
  • Bing News Approved
  • Alexa Rank: 912,985
  • Domain Rating: 22
  • URL Rating: 24
  • Domain Authority: 33
  • Page Authority: 38

CONTACT

For Guest posts, Sponsored posts, Advertising enquiries, contact: support@worldhab.com

  • Home
  • About Us
  • Disclaimer
  • Privacy Policy
  • Contact Us

© 2020 WORLDHAB - Premium WordPress theme by VISION.

No Result
View All Result
  • Breaking
    • India
    • World
    • Politics
  • Business
    • Finance
    • Insurance
  • Crypto
  • Entertainment
  • Sports
    • Football
    • Cricket
    • Basketball
    • Tennis
    • WWE
  • Lifestyle
    • Fashion
    • Food
    • Health
    • Pets
    • Travel
    • Romance
  • Tech
    • Android
    • iOS
    • Games
    • Laptops
    • Mobiles
    • Gadgets
    • Social Media

© 2020 WORLDHAB - Premium WordPress theme by VISION.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.