Housing Development Finance Corporation (HDFC) has divested 1 per cent stake in real estate company Ansal Housing & Construction through an open market transaction. The company has sold a total of 5,74,726 shares, amounting to 0.96 per cent stake of Ansal Housing. The shares were offloaded at an average price of Rs 8.47 apiece, valuing the transaction at Rs 48.67 lakh.
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.
