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HDFC Ltd has concluded the divestment of stake in HDFC Capital Advisors. “...the Corporation has on May 25, 2022 concluded the aforementioned sale, at a price of ₹7,841.49 per equity share, aggregating to a consideration of ₹184.29 crore,” it said on Thursday. Following the sale, HDFC Capital Advisors has ceased to be a wholly owned subsidiary of HDFC Ltd. It however continues to be a subsidiary of the Corporation. HDFC had in April this year announced the execution of a share purchase agreement for sale of 2.35 lakh equity shares of HDFC Capital Advisors Limited representing 10 per cent of its fully diluted paid-up share capital, to a wholly owned subsidiary of Abu Dhabi Investment Authority.
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