022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Private Equity | 24 February 2012

Citigroup Exits HDFC, Raises $2.01Bn

by Charmi Gutka
Citigroup Exits HDFC, Raises $2.01Bn
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

Citigroup Inc is exiting its 9.85% stake in Housing Development Finance Corp. Ltd to raise upto$2.1bn.

The US bank wants to boost its capital base to meet Basel III banking regulations that will take effect at the start of next year.

Citigroup is selling 145.2 Mn shares representing 9.85% of the total equity of HDFC at Rs630-703.55 per share.

In 2006, Citigroup had acquired 9.3% stake for around Rs.2,900 Cr from Standard Life - HDFC's life insurance partner and it was subsequently increased to 11.4%.


Hager Acquires 51% Stake In Elcom India JV

Hager Acquires 51% Stake In Elcom India JV

Germany based Hager Group has acquired door communication systems provider Elcom International. As a part of this transaction, Hager has also acquired over 51% stake in Elcom Door-Communications (I) Pvt. Ltd.

Read More...

Warburg Pincus, General Atlantic To Acquire Majority Stake In Sharekhan

Warburg Pincus, General Atlantic To Acquire Majority Stake In Sharekhan

After five months of negotiations and competitive bidding, the global PE funds Warburg Pincus and General Atlantic, emerge as the frontrunner to buy a majority stake in brokerage and financial services firm, Sharekhan at a deal valued between R2,000- 2,400 Cr.

Read More...
Subscribe
Enter your Email address
to receive all the news