Housing Development Finance Corporation (HDFC) has divested 32,53,517 shares representing 2.46 percent of the paid-up share capital of Hindustan Oil Exploration Company (HOECL). The company held 1,48,26,303 equity shares of HOECL.
The shares were sold in the secondary market through stock exchanges between September 19, 2017 and July 7, 2021 (including these dates) at the prevailing market price. The total consideration (all cash consideration) for the sale of 32,53,517 shares is Rs 37.19 crore.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
