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People's Bank of China sells stake in HDFC in June quarter following furore
People's Bank of China (PBOC) has trimmed stake in HDFC following a furore in April when it emerged that China's central bank had upped its holdings in India’s largest mortgage company, taking advantage of the market meltdown. It is difficult to ascertain whether the Chinese authority has sold its entire stake or just trimmed it below 1 per cent. Stock exchange shareholding disclosure captures names of public shareholders who own more than 1 per cent stake. Read more.
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