Global banking major Citigroup has decided to offload its entire stake in Indian mortgage major HDFC, valued at over USD 2 billion, sources at both the financial institutions said today.
A senior official at Citigroup confirmed the American banking giant has decided to sell its entire 9.8 per cent stake in one of the best performing housing loan companies in the country as part of its ongoing capital planning efforts across the geographies.
From: http://ping.fm/nTCYj
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