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 May 25, 2015, Housing Development Finance Corporation closed at Rs 1252.80, down Rs 34.7, or 2.7 percent. The 52-week high of the share was Rs 1399.80 and the 52-week low was Rs 863.50.
The company's trailing 12-month (TTM) EPS was at Rs 38.04 per share as per the quarter ended March 2015. The stock's price-to-earnings (P/E) ratio was 32.93. The latest book value of the company is Rs 215.56 per share. At current value, the price-to-book value of the company is 5.81.
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