Tuesday, 14 June 2011

Citigroup says cuts stake in India's HDFC to 9.9 pct

NEW DELHI, June 14 (Reuters) - Citigroup said on Tuesday it had cut its stake in India's top mortgage lender, Housing Development Finance Corp , to 9.9 percent from 11.4 percent in a deal giving it a pre-tax profit of about $160 million. Citigroup said it had no plans to sell any additional shares ...


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