HOMEIndia News
| China's central bank buys 1% stake in HDFC | Writer | Admin | |||
|---|---|---|---|---|---|
China’s central bank has bought 1.01 per cent stake in HDFC. According to the shareholding disclosures for the March quarter, People’s Bank of China held 1.75 crore shares of India’s biggest housing mortgage lender.
It is not known whether the Chinese central bank bought all the shares between January and March. Companies need to disclose shareholding changes to the exchanges at the end of every quarter only if an investor's stake crosses 1 per cent.
HDFC shares fell nearly 40 per cent this year from a high of Rs 2,493 to a low of Rs 1,499 last week. The stock rallied 14 per cent last week to close at Rs 1,702 on Thursday. ET had reported on April 3 that China-backed funds are seeking to buy Indian financial assets after the Covid-19 outbreak caused a major slump in the valuation of local companies.
|
| No | Subject | Writer | Date |
|---|---|---|---|
| 309 | Reliance strikes third unit stake deal, raising $8 billion in 2 weeks | Admin | 20-05-13 |
| 308 | World Bank sees FY21 India growth at 1.5-2.8%; slowest since economic reforms th… | Admin | 20-04-23 |
| 307 | Coronavirus scare: India's merchandise exports fell to a 61-month low at 34.6% i… | Admin | 20-04-20 |
| 306 | Hyundai expands R&D hub in India for self-driving tech | Admin | 20-04-20 |
| 305 | ZEE invests ₹522 crore in tech startup SugarBox | Admin | 20-04-20 |
| 304 | GiveIndia starts India COVID Response Fund with Rs 75 cr in initial donations | Admin | 20-04-17 |
| 303 | Tata Trusts commences airlifting of critical supplies through Tata International | Admin | 20-04-17 |
| 302 | Auto sales in March fall 45% due to lockdown | Admin | 20-04-13 |
| 301 | China's central bank buys 1% stake in HDFC | Admin | 20-04-13 |
| 300 | HUL board to meet on April 1 to declare merger with GSKCH | Admin | 20-04-07 |