People's Bank of China acquires 1% stake in HDFC

[Bapun]

HDFC's Vice Chairman and CEO Keki Mistry said that PBOC has been an existing shareholder and had owned 0.8 per cent in the company as of March 2019. The disclosure has been made now since the stake has hit the 1 percent regulatory threshold, Mr Mistry said, adding that the bank has been accumulating the shares for over a year.

People's Bank Of China Acquires 1% Stake In HDFC Amid Markets Downturn