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Ironwood Investment Holdings sells 50.76 lakh shares of DHFL

25 May 2015 Evaluate

Ironwood Investment Holdings has sold 50.76 lakh shares of Dewan Housing Finance Corporation (DHFL) through the open market route. The shares were sold on an average price of Rs 420.26 valuing the transaction to Rs 213.34 crore. On the other hand, HSBC GIF Mauritius has bought 16.78 lakh shares in the company for an average price of Rs 420, through open market route valuing the transaction at Rs 70.47 crore.

Dewan Housing Finance Corporation (DHFL) is among the oldest private sector Housing Finance Companies (HFC) in India.  The company has posted a rise of 14.95% in its net profit at Rs 162.28 crore for the quarter ended March 31, 2015 as compared to Rs 141.17 crore for the same quarter in the previous year. Total income of the company has increased by 11.67% at Rs 1582.47 crore for quarter under review as compared to Rs 1417.12 crore for the quarter ended March 31, 2014.

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