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It is always better to wait like a shikari and it would be apt to say that a Trader has to be like a Shikari waiting for the opportunity at the right time to strike and make his profit kill. Thus have patience in the market and wait for correct opportunity to enter in stock and this opportunity has come in form of Gruh Finance stock which is again in focus courtesy below news and remains a buy above 303 level where it has given a breakout.
The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 percent stake in Bandhan Bank following the Gruh Finance deal. Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.
After the deal was announced, HDFC made an application to the RBI for holding shares in Bandhan Bank. On Monday, the central bank gave its approval to HDFC to acquire the shareholding of up to 9.9 percent of the paid-up capital of Bandhan Bank upon the effective date of the scheme of amalgamation.
"RBI had on the even date, granted its in-principle approval to the Corporation to acquire the shareholding of 9.9 percent or less of the paid-up voting equity capital of Bandhan (Bank) upon the effective date of the scheme," HDFC said in a regulatory filing.
The Gruh Finance deal will reduce the stake of Bandhan Financial Holdings Ltd in Bandhan Bank to about 61 percent from the current 82 percent. The share swap ratio for the merger will be 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
Have a look at Gruh Finance stock chart and invest as per given guidelines and stock can target 325,343, 363 and higher levels. Looking for making a profit in the Indian stock market than intraday tips for today is your best bet as this stock has been our buy call in intraday for the day.
The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 percent stake in Bandhan Bank following the Gruh Finance deal. Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.
After the deal was announced, HDFC made an application to the RBI for holding shares in Bandhan Bank. On Monday, the central bank gave its approval to HDFC to acquire the shareholding of up to 9.9 percent of the paid-up capital of Bandhan Bank upon the effective date of the scheme of amalgamation.
"RBI had on the even date, granted its in-principle approval to the Corporation to acquire the shareholding of 9.9 percent or less of the paid-up voting equity capital of Bandhan (Bank) upon the effective date of the scheme," HDFC said in a regulatory filing.
The Gruh Finance deal will reduce the stake of Bandhan Financial Holdings Ltd in Bandhan Bank to about 61 percent from the current 82 percent. The share swap ratio for the merger will be 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.
Have a look at Gruh Finance stock chart and invest as per given guidelines and stock can target 325,343, 363 and higher levels. Looking for making a profit in the Indian stock market than intraday tips for today is your best bet as this stock has been our buy call in intraday for the day.
