Global fund house Carlyle is likely to sell its 3.7 per cent stake in housing finance major HDFC Ltd for an estimated Rs 4,000-4,500 crore and the stake sale may take place as early as tomorrow.
US-based Carlyle, which holds 5.7 crore shares through one of its entities CMP Asia in HDFC, may sell its entire holding through open market transactions tomorrow morning, investment banking sources involved in the deal said.
At the current market price, the shares would fetch Carlyle close to Rs 4,500 crore and the proceeds could be more than Rs 4,000 crore even if the shares are sold at a discount, sources added.
HDFC shares on Thursday rose 1.65 per cent to close at Rs 788.85 on the Bombay Stock Exchange.
