Friday, May 25, 2007

UPDATE 1-India HDFC to sell shrs to Citi, Carlyle for $767mln

(Reuters) - HDFC, India's largest mortgage firm, will sell 18 million
shares, or 7.11 percent of the equity, to the firms at 1,730
rupees a share to raise up to 31.14 billion rupees , the company said in a statement.




After the share sale, Citigroup's holding in HDFC will
remain at 12.3 percent, while Carlyle will have 5.6 percent, it
said.


Read more at Reuters.com Bonds News

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