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Tuesday, June 14, 2011

Citigroup Reduces Stake In HDFC By 11.4% To 9.9% Stake

Date:14/6/11,
Private Equity,

Citigroup has sells 1.5% stake in HDFC Ltd for undisclosed amount, to Basel III capital rules. WIth this deal, Citigroup's stake has decreases  from 11.4% to 9.9% in HDFC Ltd. Citigroup has sells 16.5 million shares at INR 643 per share in block deal.
In 2006,
Citigroup acquires 9.3% stake from Standard Life - HDFC Ltd life insurance partner and it was subsequently increased to 11.4% stake.
March 2011
Cititigroup held 11.38% stake in HDFC through Citigroup Strategic Holdings Mauritius and Citigroup Holdings Mauritius.
Posted by Baigalla madhan at 2:39 PM

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HI I'am Baigalla Madhan behalf of (Universalfacts) My Blog, provides complete information of online financials data services which includes ,,, Private Equity (Asset Managers) (Investments), Venture Capital (Asset Managers) (Investments), M&A, IPO, Funds (Private Equity and Venture Capital Funds), Deals (Private Equity deals, Venture Financing Deals (series A to G), Strategic and M&A Deals), Limited Partners, Advisors Firms, Public Equity, Financials Reports...

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