Date:14/6/11,
M&A Partial Exit Deal,
Cross Broder Deal,
Citigroup Inc decerases its stake from 11.4% to 9.9% stake in Housing Development Finance Corp. Citigroup Inc sells 1.5% stake in open market. Sale done in order to meet Basel III capital rules and as a result of deal Citigroup Inc partial exit from Housing Development Finance Corp.
In May/06,
Citigroup Inc acquires 9.27% stake in Housing Development Finance Corp from life insurance partner, Standard Life. Standard Life firm sells its stake in Housing Development Finance Corp for INR 30.2 billion.
In 2007,
Carlyle Group and Citigroup Inc participated in $767 million (INR 31.14 billion) round investment in Housing Development Finance Corp.
As On March 2011,
Citi Citigroup Inc 11.38% stake in Housing Development Finance Corp, via Citigroup Strategic Holdings Mauritius holds 8.83% stake and Citigroup Holdings Mauritius holds 2.55% stake.
As now Carlyle Group holds 5.25% stake in Housing Development Finance Corp.
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