Home / Finance / News / Aditya Puri sells 7.42 million shares worth Rs 842.9 crore in HDFC Bank

Aditya Puri sells 7.42 million shares worth Rs 842.9 crore in HDFC Bank

Puri's term is set to end in October when he attains the age of 70 and he will be second chief executive after Indusind Bank's Romesh Sobti to retire this year

Indian banking is doing quite fine, coming along well. It is open banking, it has competition, and our charges by the way are the lowest in the world Aditya Puri, MD, HDFC Bank

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Puri is credited with building India's largest and most valued private sector bank. The bank's market capitalisation currently stands at Rs 6.14 trn

Press Trust of India New Delhi

3 min read Last Updated : Jul 26 2020 | 6:34 PM IST

HDFC Bank chief executive and managing director Aditya Puri has sold more than 7.4 million shares of the private lender to raise Rs 842.87 crore, according to regulatory filings.

The share sale, which was executed between July 21 and 23, brought down Puri's holding in the most valued Indian lender to just 0.01 per cent from the earlier 0.14 per cent.

The sale comes months ahead of Puri's retirement from the bank, which he led to become the largest by assets among private lenders and the second-largest overall over 25 years.

He sold 7.42 million of the 7.79 million shares in the bank

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