Acquisitions18 Oct 2024, 12:09 am
Hindustan Composites Acquires Stake in HDFC Bank for Rs. 5.02 Crore
AI Summary
Hindustan Composites Ltd. has acquired 30,000 equity shares of HDFC Bank Limited on 17th October, 2024, through a stock exchange. The cost of acquisition was Rs. 5.02 Crore. HDFC Bank Limited, one of India's leading private sector banks, has a turnover of Rs. 3,07,581.57 Crore for the financial year ended 31st March, 2024. The acquisition does not fall under related party transactions and is not a part of the main line of business of Hindustan Composites.
Key Highlights
- Hindustan Composites acquires 30,000 equity shares of HDFC Bank Limited.
- The cost of acquisition is Rs. 5.02 Crore.
- HDFC Bank Limited is one of India's leading private sector banks.
- The acquisition does not fall under related party transactions.
- The acquisition is not a part of the main line of business of Hindustan Composites.