Global fund house Carlyle has sold its 3.7 per cent stake in
housing finance major HDFC Ltd for nearly Rs 4,300 crore.
US-based Carlyle, which held 5.7 crore shares through one of its entities CMP Asia in Housing Finance Development Corporation (HDFC), on Friday sold its entire holding through open market transactions, investment banking sources involved in the deal said.
The deal took place at a price of Rs 750-755 per share, they said.
HDFC shares were trading at Rs 753.80, down 4.36 per cent at 11.50 pm on the Bombay Stock Exchange. The company currently commands a market value of Rs 1,15,283 crore.
The shares have witnessed a sharp rally this year, rising from near Rs 600 level in December 2011.
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