Corporate News 22-Sep-23
HDFC Bank divest 2.22% stake held in Hindustan Oil Exploration Company
HDFC Bank announced that out of 86,83,148 equity shares of Rs. 10 each held by erstwhile HDFC, in Hindustan Oil Exploration Company (HOEC) (i) HDFC sold 239,144 shares (representing 0.18% of the share capital of HOEC) on 31 March 2022 and on 23 June 2023 and (ii) after the effective date (01 July 2023) of the merger of HDFC with and into HDFC Bank, the Bank sold 26,98,744 shares (representing 2.04% of the share capital of HOEC). Thus, the aggregate stake sale is 2.22% of the share capital of HOEC.
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