People’s Bank of China (PBOC) has raised its stake in Housing Development Finance Corporation Limited (HDFC) from 0.8% to 1.01%. The stake raising process was done as a secondary market transaction. The stakes comprises of 17.49 million shares of the the country’s largest mortgage lender HDFC. After the transaction, the closing price of the Chinese central bank’s stake in HDFC was Rs 2,976 crore.
Click Here To Get Test Series For SBI PO 2020
The disclosure was made by the HDFC to the stock exchanges as the stake has crossed the 1% regulatory threshold.
Important takeaways for all competitive exams:
The famous TCS World 10k Bengaluru race will take place on 26 April 2026, and…
India lost a senior and respected political leader on April 8, 2026, as Mohsina Kidwai…
India has taken another strong step in boosting its defense power with the silent commissioning…
Banking services in India are taking a big step forward with the use of new…
India has taken another important step in strengthening its ties with neighboring countries. The Indian…
India is celebrating 11 successful years of the Pradhan Mantri Mudra Yojana (PMMY), a major…