MoneyWorks4Me

Dewan Housing Finance climbs on selling 0.58% stake in Dhanlaxmi Bank

23 Feb 2012 Evaluate

Dewan Housing Finance is currently trading at Rs. 259.80, up by 2.30 points or 0.89% from its previous closing of Rs. 257.50 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 261.45 and Rs. 256.30 respectively. So far 264827 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 288.00 on 20-Apr-2011 and a 52 week low of Rs. 171.10 on 13-Dec-2011.

Last one week high and low of the scrip stood at Rs. 263.70 and Rs. 253.10 respectively. The current market cap of the company is Rs. 2719.26 crore.

The promoters holding in the company stood at 39.24% while Institutions and Non-Institutions held 42.41% and 18.36% respectively.

Dewan Housing Finance Corporation has sold 0.58% stake in Dhanlaxmi Bank on February 21, 2012 at the NSE. It sold 0.49 million shares of the bank at an average price of Rs 65.01 a share amounting to Rs 3.21 crore.

Earlier, Bessemer India Capital sold 1.06% stake in Dhanlaxmi Bank on February 15, 2012 at the NSE. The company has sold 0.90 million shares of the bank at an average price of Rs 65.53 a share amounting to Rs 5.94 crore.

Dhanlaxmi Bank is an 84-year old bank with a network of over 275 branches and 460 ATMs covering 160 centers across 14 states, the bank services a broad customer base of 1.6 million. The bank provides a suite of banking products and services to its customers across Retail Banking, Wholesale Banking, Microfinance and Agricultural Lending and Small and Medium Enterprises Group.

Peers