SENSEX NIFTY
Feb 24, 2012, 10.51 AM IST | Source: Reuters

Citi raises $1.95 bn from HDFC stake: Sources

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.

Citi raises $1.95 bn from HDFC stake: Sources

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 September 18, 2014, Housing Development Finance Corporation closed at Rs 1053.90, up Rs 36.25, or 3.56 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 35.78 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 29.46. The latest book value of the company is Rs 178.25 per share. At current value, the price-to-book value of the company is 5.91.

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