Home / Finance / News / Aditya Puri sells 7.42 million shares in HDFC Bank for Rs 843 cr

Aditya Puri sells 7.42 million shares in HDFC Bank for Rs 843 cr

Puri, the longest serving MD of a private bank in India, has been at the helm of HDFC Bank for the last 26 years, since its inception in 1994

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HDFC Bank has shortlisted three potential candidates for the position of managing director, after Puri demits office | File photo of Aditya Puri

Subrata Panda Mumbai

2 min read Last Updated : Jul 27 2020 | 2:29 AM IST

Private sector lender HDFC Bank’s Managing Director (MD) Aditya Puri has sold 95 per cent of his shareholding in the bank valued at Rs 842.7 crore. Puri held 0.14 per cent stake (or about 7.8 million shares in the bank), of which he has sold 7.42 million shares between July 21 and July 23.

Puri has been the longest serving MD of a private bank in India. Puri has been at the helm of HDFC Bank for the past 26 years, since its inception in 1994. Puri will hang up his boots this October as he will reach the maximum age

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