Citi exits HDFC

Citi exits HDFC through $1.9 billion block

The transaction ranks as the largest block trade in Asia ex-Japan this year and follows a smaller sell-down by Citi in June. Meanwhile, Dewan Housing issues $62 million of new shares in India's first QIP of size this year.
<div style="text-align: left;">
Citi's sell-down significantly increases the liquidity in HDFC's stock
</div>
<div style="text-align: left;"> Citi's sell-down significantly increases the liquidity in HDFC's stock </div>

Citi sold its remaining stake in India’s Housing Development Finance Corp (HDFC) on Friday through a Rs95.51 billion ($1.9 billion) self-led block trade that is by far the largest primary equity transaction in Asia ex-Japan so far this year.

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media