Citi raises $1.95 bln from HDFC stake - sources

Last Updated: Fri, Feb 24, 2012 04:46 hrs

Citigroup Inc has raised $1.95 billion by selling its entire stake in Housing Development Finance Corp at 657.50 rupees a share, three sources with direct knowledge of the deal said on Friday.

Tata Comms seals F1 technology deal

The transaction is the largest share sale this year in India and comes close on the heels of investors such as Carlyle paring their stakes in Indian companies after a surge in share prices in 2012.

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