HDFC Bank slides 3% as Aditya Puri sells 95% of his stake in the bank

Aditya Puri, who is set to retire from the bank in October, has been the longest serving MD of a private bank in India

Shares of private lender HDFC Bank slipped 3.4 per cent to Rs 1,081 on the BSE on Monday after its managing director and chief executive officer Aditya Puri sold off nearly 95 per cent of his stake in the bank valued at Rs 842.7 crore.

Puri held 0.14 per cent stake (or about 7.8 million shares in the bank), of which he has sold 7.42 million shares between July 21 and July 23 through open market. He held 0.14 per cent stake or about 7.8 million shares in the bank.

At 10:18 am, the stock was trading near the day's