HDFC sells stake in Ruralshores

Housing Development Finance Corporation Ltd (HDFC) has sold 1,40,000 equity shares of Rs. 10 each of Ruralshores Business Services Private Limited (Ruralshores), representing 5.07% of the fully diluted paid-up share capital of Ruralshores.

Ruralshores was incorporated on May 6, 2008 under the provisions of the Companies Act, 1956. The Company along with its subsidiary viz. Ruralshores Academy Private Limited, has a primary focus to generate employment in rural India and in rural skill enablement.

For the financial year ended on March 31, 2022 (consolidated), the revenue of Ruralshores aggregated to Rs. 59.67 crore and the balance sheet size was Rs. 33.99 crore.

Shares of Housing Development Finance Corporation Limited was last trading in BSE at Rs. 2621.75 as compared to the previous close of Rs. 2644.20. The total number of shares traded during the day was 19440 in over 2296 trades.

The stock hit an intraday high of Rs. 2630.00 and intraday low of 2605.50. The net turnover during the day was Rs. 50895434.00.

Source : Equity Bulls

Keywords

HousingDevelopmentFinanceCorporation INE001A01036 HDFC StakeSale Ruralshores