Gruh Finance shares dive 7% after block deals; HDFC likely seller
Updated : June 14, 2019 10:42 AM IST
At 9.30 AM, the stock lost 6.85 percent at Rs 287.20 on the NSE while the Nifty50 was down 48.25 points, or 0.40 percent, at 11,865.80.
The stock has fallen over 5.50 percent in the last week and over 8.65 percent so far this year.
The stake sale may be done at a floor price of Rs 290 per share, multiple sources told CNBC-TV18, requesting anonymity. The base deal size is expected to be around 3 crore shares with an upsize option.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more