Two top officials of the country’s leading housing finance firm, HDFC Ltd, have purchased fresh shares in the company in their personal capacity for an estimated Rs 55 crore. HDFC’s chairman Deepak S Parekh purchased 1,60,521 shares of the company on February 7, raising his total holding to 3,71,543 shares, according to an insider trading disclosure filed with the Bombay Stock Exchange. Based on the closing price of Rs 2,927 a share on the date, the transaction is estimated to be worth about Rs 47 crore. HDFC’s share price today rose by about 3.9 per cent or Rs 102.55 at the BSE to close at Rs 2,724.95. In another insider filing disclosure, the company said that its vice-chairman and MD Keki Mistry purchased 25,000 shares between February 4-7, raising his holding to 74,500 shares. Mistry also sold 10,500 share during the same period. Based on the average closing price of the company’s shares during this period, the purchase of 25,000 shares by Mistry is estimated to be worth over Rs seven crore. Following these transactions, Parekh and Mistry hold 0.13 per cent and 0.02 per cent stakes respectively in the company. HDFC Ltd has no promoter holdings, while its major shareholders include institutional investors like Citigroup, Merrill Lynch, LIC and CLSA.
