HDFC CEO: Carlyle likely sold about 20 million shares

Feb 01, 2012 |

Reuters

mumbai

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U.S. private equity giant Carlyle Group has sold about 20 million shares of Housing Development Finance Corp in market deals on Wednesday, the chief executive of the Indian mortgage lender said, citing market sources.

The buyers of the shares include domestic as well as foreign investors, Keki Mistry told agencies.

About 1.3 per cent of HDFC's outstanding shares changed hands on the stock markets on Wednesday.

Carlyle, which currently owns 5.2 per cent of HDFC, will pare its stake in the mortgage lender to nearly 4 per cent after a sale of shares via block deals, sources with direct knowledge of the matter said on Tuesday.

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