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:
Khurasani Imli from State of Madhya Pradesh has been awarded the Geographical Indication (GI) Tag.…
The Reserve Bank of India (RBI) has announced the revised guidelines for the Kisan Credit…
The first budget of the newly elected BJP government in the State of West Bengal…
Indian Captain Harmanpreet Kaur has achieved the historic milestone as she became the first player…
Bharat Ratna which is India's highest civilian award awarded to the exceptional individuals who have…
India is one of the world’s megadiverse countries, rich in ecosystems, wildlife and traditional ecological…