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HDFC Mutual Fund buys 52.48 lakh shares of City Union Bank

04 Nov 2016 Evaluate

HDFC Mutual Fund has bought 52.48 lakh shares of City Union Bank through open market route. The shares were purchased on an average price of Rs 149.20 valuing the transaction to Rs 78.30 crore. On the other hand, Ruane Cunnif & Co INC A/C Acacia Partners LP has sold 49.43 lakh shares of the bank for an average price of Rs 149.20 through open market route.

City Union Bank offers a suite of products across deposits, loans, investment solutions, payments and cards. The Bank operates in four segments, which includes Corporate/Wholesale banking, Retail Banking, Treasury and Other Banking Operations. The Bank offers services, such as internet banking, mobile banking, including online funds transfer and fixed deposit operations.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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