Housing Development Finance Corporation (HDFC) and HDFC Bank, in separate stock exchange disclosures on Friday, stated their total foreign shareholding was 68.56 per cent and 66.55 per cent, respectively, on May 13.
,HDFC Bank (“HDFC Bank”) has been receiving queries from several investors seeking information on its aggregate foreign shareholding. With a view to have a fair and transparent disclosure and in order to avoid selective disclosure, we wish to inform you that as on May 13, 2022, the total foreign sharing in HDFC Bank
Market watchers say the FPI holding in both the entities has come down amid a sharp selloff by FPIs from the domestic market.
In December 2021, the FPI holding in HDFC Bank stood at 70.08 per cent, while that in HDFC was 72.16 per cent.
FPIs have sold shares worth Rs 1.6 trillion from the domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard,