Housing Development Finance Corporation Ltd (HDFC) has today entered into a share purchase agreement for sale of 47,75,241 equity shares of Re. 1 each, representing 24.48% of the issued and paid-up share capital of Good Host.
Good Host is is principally engaged in providing hostel services, guest house services, service apartments and leasing of property for hostel services.
The aggregate sale consideration for the Sale Shares is Rs. 232.81 crore which is subject to various customary adjustments as agreed between the parties, and the final sale consideration shall be calculated accordingly.
Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.2688.75 as compared to the previous close of Rs. 2654.9. The total number of shares traded during the day was 195513 in over 6791 trades.
The stock hit an intraday high of Rs. 2712 and intraday low of 2623. The net turnover during the day was Rs. 519437099.