HDFC declines as Carlyle Group sells 3.7% stake

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 757.80, down by 30.40 points or 3.86% from its previous closing of Rs. 788.20 on the BSE.

The scrip opened at Rs. 774.40 and has touched a high and low of Rs. 775.55 and Rs. 738.10 respectively. So far 20969004 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 793.85 on 04-Oct-2012 and a 52 week low of Rs. 600.85 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 793.85 and Rs. 738.10 respectively. The current market cap of the company is Rs. 116332.65 crore.

The Institutions and Non-Institutions held 86.22% and 13.78% stake in the company, respectively.

In a bid to raise as much as $861 million, U.S. private-equity firm Carlyle Group has sold its 3.7 percent stake in India’s top mortgage lender HDFC.

Carlyle has offloaded about 57 million shares of HDFC in a price band of Rs 760 to Rs 781.25 a share - a discount of 1-3.7 percent from the lender’s closing price on Thursday of Rs 789.05.

In February this year, Carlyle had sold a quarter of its stake in HDFC, raising about $270 million and nearly doubling its 2007 investment in the mortgage lender.