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The People S Bank Of China Bought 1 01 1 74 92 909 Crores
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Hdfc shares closed at.
Hdfc bank shares bought by china. Chinas central bank has bought 101 per cent stake in hdfc. According to the shareholding disclosures for the march quarter peoples bank of china held 175 crore shares of indias biggest housing mortgage lender. At current prices the value of pbocs. The chinese central bank had bought 17492909 crore shares equivalent to 101 per cent of the shareholding of hdfc.
This investment amounts to 175 crore shares in hdfc which has reportedly been facing a receding trend in its shares since january. News came in that chinas central bank the peoples bank of china pboc had bought a 1 percent stake in hdfc indias largest housing finance company. Peoples bank of china has 101 per cent stake in hdfc as of march 31it is not known whether the chinese central bank bought all the shares between january and march. In a major boost to indias largest housing finance lenders hdfc ltd the peoples bank of china pboc on sunday has bought a 1 stake in hdfc.
It started trending very quickly with. The peoples bank of china pboc purchased 175 crore shares in one of the largest housing finance lenders hdfc ltd possibly in the march quarter. Shares of hdfc gained nearly 4 per cent in an otherwise weak session for equities on monday after the latest shareholding data suggested the chinese central bank has bought over 1 per cent stake in the mortgage lender. It is not known whether the chinese central bank bought all the shares between january and march.
Reports state that the share purchase is likely to have happened between january and march. The chinese central bank has bought 174. The timing of the pboc raising its interest in indias largest non banking mortgage provider raised serious concerns since hdfc shares have been sliding due to the economic disruption caused by the. Chinas central bank peoples bank of china pboc has bought a 17492909 crore shares or 101 percent stake in housing finance major hdfc ltd on behalf of the chinese sovereign wealth fund safe.
The share purchase is said to have happened between january and march 2020. Reports stated the chinese central bank has bought 17492909 crore shares or 101 per cent of the shareholding according to exchange data. Companies need to. At the same time jpmorgan expects the stock of hdfc to.
