HDFC Capital Advisors completes sale of stake in Xpedize

HDFC Capital Advisors Limited (HCAL), a wholly owned subsidiary of the Corporation, acquired 1,623 equity shares by way of conversion of Compulsorily Convertible Preference Shares and together with 182 equity shares already held by it in Xpedize, HCAL held 12.47% of the equity share capital of Xpedize.

HCAL is in discussions for sale of the shares held by it in Xpedize (including those acquired by way of conversion of CCPS), which is expected to be completed by March 31, 2022.

HCAL has concluded the sale of 1,805 equity shares of Xpedize representing 12.47% of its paid-up capital to SIC, a US based entity, for a total consideration of USD 980,806 (equivalent to Rs. 7,49,13,962).

Shares of Housing Development Finance Corporation Limited was last trading in BSE at Rs. 2232.05 as compared to the previous close of Rs. 2238.90. The total number of shares traded during the day was 90042 in over 7395 trades.

The stock hit an intraday high of Rs. 2259.30 and intraday low of 2190.00. The net turnover during the day was Rs. 201370067.00.

Source : Equity Bulls

Keywords

HousingDevelopmentFinanceCorporation INE001A01036 HDFCCapitalAdvisors CCPS Xpedize