Previous close | 9.90 |
Open | 10.25 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 9.93 - 10.25 |
52-week range | 6.13 - 10.88 |
Volume | |
Avg. volume | 25,273 |
Market cap | 118.84B |
Beta (5Y monthly) | 0.63 |
PE ratio (TTM) | 9.27 |
EPS (TTM) | 1.09 |
Earnings date | 15 May 2024 |
Forward dividend & yield | 0.27 (2.74%) |
Ex-dividend date | 28 Mar 2024 |
1y target est | N/A |
Japan's Mitsubishi UFJ Financial Group (MUFG) is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank's non-banking unit, Bloomberg News reported on Monday. Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter. HDFC Bank, which had a 94.84% stake in HDB Financial as of March 2023, and MUFG both did not respond to a Reuters request for comment.
BENGALURU (Reuters) -Japan's Mitsubishi UFJ Financial Group (MUFG) is buying a 20% stake in HDFC Bank's non-banking unit HDB Financial Services, valuing the IPO-bound subsidiary between $9 billion and $10 billion, the Economic Times reported on Friday. The final decision is likely to take place next week at the HDFC Bank board meeting, according to the report, which cited people familiar with the matter. MUFG is set to pick up the stake in the unit for $2 billion, and the deal is being done at five times the book value, the Economic Times reported.
AllianceBernstein (AB) and Societe Generale (SCGLY) form Bernstein, which combines their cash equities and equity research businesses.