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The chinese central bank has bought 174.
Hdfc bank shares bought by china. The chinese central bank has bought the stake in hdfc at a time when the bad loans in china are expected to soar to 471 billion this year. Companies need to. 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. The peoples bank of china pboc purchased 175 crore shares in one of the largest housing finance lenders hdfc ltd in the march quarter.
The chinese central bank had bought 17492909 crore shares equivalent to 101 per cent of the shareholding of hdfc. Reports stated the chinese central bank has bought 17492909 crore shares or 101 per cent of the shareholding according to exchange data. 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. At the same time jpmorgan expects the stock of hdfc to.
The share purchase is said to have happened between january and march 2020. 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. 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. According to the data provided by hdfc to the stock exchanges the chinese central bank holds 175 crore shares of the company at the end of march 2020.
According to the shareholding disclosures for the march quarter peoples bank of china held 175 crore shares of indias biggest housing mortgage lender. It is not known whether the chinese central bank bought all the shares between january and march. This investment amounts to 175 crore shares in hdfc which has reportedly been facing a receding trend in its shares since january. 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.
Chinas central bank has bought 101 per cent stake in hdfc. 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. Hdfc shares closed at. At current prices the value of pbocs.
