Carlyle to sell Rs 4,000 cr HDFC stake

At the current market price,the shares would fetch Carlyle close to Rs 4,500 crore and the proceeds could be more than Rs 4,000 crore even if the shares are sold at a discount,sources added.

HDFC shares today rose 1.65 per cent to close at Rs 788.85 at the BSE. The company currently commands a market value of more than Rs 1,20,600 crore.

Earlier in the day,the stock had hit its 52-week high of Rs 793.85 crore. The shares have witnessed a sharp rally this year,rising from near Rs 600 level in December,2011.