Feb 24, 2012, 10.51 AM | Source: Reuters
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.
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Mortgage major HDFC today said it has established