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HDFC inks agreement to sell 24.48 percent stake in Good Host

Thursday, 21 Jan 2021
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Mortgage lender HDFC has signed an agreement to sell its 24.48 percent stake in Good Host, a company engaged in the business of managing student housing facilities, for Rs 232.81 crore.

HDFC entered into a share purchase agreement for sale of 47,75,241 equity shares of Re one each, representing 24.48 percent of the issued and paid-up share capital of Good Host.

Subsequent to the above sale, Good Host will cease to be an associate company of the corporation.

 
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