Carlyle Group to sell 3.71% residual stake in HDFC; stock down

Housing Development Finance Corporation (HDFC) plunged on Friday after media reports quoted that global private equity major the Carlyle Group is set to exit in the company. Selling its 3.71% residual stake in the company for about USD 850 million (about Rs 45 billion). Shares ofthe companyare trading at Rs 760.85, down Rs 27.35, or 3.47% at the Bombay Stock Exchange (BSE) on Friday at 9:36 a.m.The scrip has touched an intra-day high of Rs 775.55 and low of Rs 758.80. The total volume of shares traded at the BSE is 17,931,561.In the earlier session, the shares gained 1.57%, or Rs 12.15, at Rs 788.20. Currently, the stock is trading down 4.16% from its 52-week high of Rs 793.85 and above 26.63% over the 52-week low of Rs 600.85.

Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 772.90 15.30 1.98 1 Month 724.60 63.60 8.78 3 Months 683.65 104.55 15.29 6 Months 679.75 108.45 15.95 1 Year 627.80 160.40 25.55 Note: Based on previous day closing price.