People’s Bank of China (PBOC) has sold a part or its entire stake in HDFC, according to the June quarter shareholding disclosure made by India’s largest mortgage company.The development comes following a furore in April when it emerged that China’s central bank had upped its holdings in the Mumbai-based financial services behemoth, taking advantage of the market meltdown.
People’s Bank of China sells stake in HDFC in June quarter following furore
Date posted: Monday 13 July 2020