Private equity giant Carlyle has sold around 2 crore shares in mortgage leader HDFC .
Carlyle, which invested in HDFC in 2007, will hold a less than 4% stake in the mortgage lender after this sale.
US private equity investor Carlyle Group plans to reduce its stake in HDFC via stock market sales that could raise up to USD 283 million, three sources with direct knowledge of the matter said on Tuesday.
Shares in HDFC were down 2.2% at Rs 682.60 by 9:30 a.m. (0400 GMT) in a Mumbai market down 0.5%.
