Housing Development Finance Corporation (HDFC) has dipped almost 4% at Rs 759 on back of multiple block deals on the NSE and BSE.
The stock opened at Rs 776 and has seen a combined 64.55 million shares changing hands on the counter in opening trades on both the exchanges. The name of the buyers and sellers not immediately known. According to reports, global private equity major, Carlyle Group, offloaded its 3.71% residual stake in the housing finance major for about $850 million (about Rs 4,500 crore).
The US fund, which currently holds its stake in HDFC through its arm CMP Asia, has mandated Citigroup's India arm to offload 57 million shares through block deals at a price of Rs 760-781 per share, added the report.
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