Housing Finance Provider HDFC Ltd has signed to sell its 47,75,241 equity shares calculated to a 24.48 percent stake for around 233 crores in Good Host Spaces, a company that provides student housing services.
“The corporation has entered into a share purchase agreement for sale of 47.75 lakh equity shares of Re 1 each representing 24.48 percent of the issued and paid-up share capital of Good Host,” HDFC said in regulatory filings at stock exchanges.
The sale amount is to be subject to various customary adjustments agreed by both parties, post which the final amount will be calculated.
Good Host Spaces Private Limited is a company incorporated on April 8, 2005. The company was registered with paid-up capital of ₹19,093,510.
