Citigroup Inc has raised USD 1.95 billion by selling its entire stake in Housing Development Finance Corp at Rs 657.50 a share, three sources with direct knowledge of the deal said on Friday.
The transaction is the largest share sale this year in India and comes close on the heels of investors such as Carlyle paring their stakes in Indian companies after a surge in share prices in 2012.
HDFC stock price
On October 31, 2014, at 10:22 hrs Housing Development Finance Corporation was quoting at Rs 1080.00, up Rs 17.90, or 1.69 percent. The 52-week high of the share was Rs 1149.90 and the 52-week low was Rs 755.60.
The company's trailing 12-month (TTM) EPS was at Rs 36.34 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 29.72. The latest book value of the company is Rs 178.13 per share. At current value, the price-to-book value of the company is 6.06.
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