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S&R, AZB act on $130m Gruh Finance equity bulk sale

GRUH Finance Limited, a listed housing finance company, by its promoter, Housing Development Finance Corporation Limited, has made a ₹8.99 billion bulk deal sale of 31 million equity shares representing 4.22% of the equity share capital on the BSE and the NSE. The sale was conducted in connection with the proposed amalgamation of GRUH Finance Limited into Bandhan Bank Limited, according to BSE and NSE filings.

S&R Associates advised the broker led by a team of partners Sandip Bhagat and Jabarati Chandra, and associate Abhiroop A Datta.

AZB & Partners advised HDFC (Housing Development Finance Corporation Limited) led by a team of partner Varoon Chandra.


Deal value: ₹8.99 billion

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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