Housing Development Finance Corporation (HDFC) has sold 1,40,000 equity shares of Rs 10 each of Ruralshores Business Services (Ruralshores), representing 5.07% of the fully diluted paid-up share capital of Ruralshores. The total consideration for the sale of 1,40,000 equity shares is Rs 0.91 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.
