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Article: HSBC sells 7.9 pc in UTI Bank.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 25, 2006
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HSBC sells 7.9 pc in UTI Bank
Mumbai, Feb 24 (PTI) The Hongkong and Shanghai Banking Corporation Limited (HSBC) today said it has sold 7.19 per cent of its stake in the UTI Bank Limited for a consideration of USD 142 million (approx).
With this HSBC's stake in the UTI Bank Limited would come down to 4.99 per cent from 12.18 per cent.
"In line with current regulation and to take advantage of the present market strength, we are taking the ...