Carlyle plans to sell part of HDFC stake - sources
Carlyle Group is said to be planning to sell 20 million shares in mortgage lender Housing Development Finance Corp. (HDFC). The exit could generate significant returns from the private equity firm's five-year investment in the mortgage company.
Carlyle plans to reduce its stake to close to 4% on 1 February. It currently owns just over 5% of the mortgage lender. The deal size may amount to INR14 billion ($283 million), three people with knowledge...
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