HDFC Bank reduces stake in HOEC

Out of 86,83,148 equity shares of Rs. 10 each held by erstwhile HDFC Ltd., in Hindustan Oil Exploration Company Limited ("HOEC") (i) HDFC Ltd. sold 239,144 shares (representing 0.18% of the share capital of HOEC) on March 31, 2022 and on June 23, 2023 and (ii) after the effective date (July 1, 2023) of the merger of HDFC Ltd. with and into HDFC Bank Limited (the "Bank"), the Bank sold 26,98,744 shares (representing 2.04% of the share capital of HOEC). Thus, the aggregate stake sale is 2.22% of the share capital of HOEC.

HOEC is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1553.60 as compared to the previous close of Rs. 1563.90. The total number of shares traded during the day was 1236145 in over 61337 trades.

The stock hit an intraday high of Rs. 1569.00 and intraday low of 1538.05. The net turnover during the day was Rs. 1923395767.00.

Shares of Hindustan Oil Exploration Company Limited was last trading in BSE at Rs. 160.90 as compared to the previous close of Rs. 164.95. The total number of shares traded during the day was 66210 in over 1604 trades.

The stock hit an intraday high of Rs. 168.00 and intraday low of 160.55. The net turnover during the day was Rs. 10769636.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDB StakeReduction HindustanOilExplorationCompany INE345A01011 HOEC