Bloomberg News

Citi Said to Sell HDFC Shares at 657.5 Rupees Apiece

February 24, 2012

Feb. 24 (Bloomberg) -- Citigroup Inc. sold shares in Indian mortgage lender Housing Development Finance Corp. at 657.5 rupees apiece, said a person with knowledge of the matter who declined to be identified.

The U.S. bank was offering 145.3 million shares at 630 rupees to 703.55 rupees apiece, according to a term sheet obtained by Bloomberg News yesterday.

To contact the reporter on this story: Ruth David in Mumbai at rdavid9@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net


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