<p>Housing finance major HDFC Ltd on Wednesday said it has divested 2.46 per cent of its stake in Hindustan Oil Exploration Company (HOECL) for Rs 37 crore.</p>.<p>HDFC held 1,48,26,303 equity shares of HOECL.</p>.<p>The Corporation has sold 32,53,517 shares representing 2.46 per cent of the paid-up share capital of HOECL, HDFC said in a regulatory filing on Wednesday.</p>.<p>The shares were sold in the secondary market through stock exchanges between September 19, 2017 and July 7, 2021 (including these dates) at the prevailing market price, it added.</p>.<p>"The total consideration (all cash consideration) for the sale of 32,53,517 shares is Rs 37.19 crore."</p>.<p>The sale crossed the 2 per cent threshold on a cumulative basis, on July 6, 2021, it added.</p>.<p>For fiscal ended March 31, 2021, HOECL standalone total revenue stood at Rs 111.26 crore and the balance sheet of the company was of the size of Rs 1,035.27 crore.</p>.<p>The company which is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore was incorporated in 1983.</p>.<p>The company participates in various oil and gas blocks/fields in the nature of joint operation through production sharing contracts with the government along with other entities.</p>.<p>HDFC shares closed 1.41 per cent up at Rs 2,528.35 apiece on BSE while HOECL ended 1.81 per cent down at Rs 119.05.</p>
<p>Housing finance major HDFC Ltd on Wednesday said it has divested 2.46 per cent of its stake in Hindustan Oil Exploration Company (HOECL) for Rs 37 crore.</p>.<p>HDFC held 1,48,26,303 equity shares of HOECL.</p>.<p>The Corporation has sold 32,53,517 shares representing 2.46 per cent of the paid-up share capital of HOECL, HDFC said in a regulatory filing on Wednesday.</p>.<p>The shares were sold in the secondary market through stock exchanges between September 19, 2017 and July 7, 2021 (including these dates) at the prevailing market price, it added.</p>.<p>"The total consideration (all cash consideration) for the sale of 32,53,517 shares is Rs 37.19 crore."</p>.<p>The sale crossed the 2 per cent threshold on a cumulative basis, on July 6, 2021, it added.</p>.<p>For fiscal ended March 31, 2021, HOECL standalone total revenue stood at Rs 111.26 crore and the balance sheet of the company was of the size of Rs 1,035.27 crore.</p>.<p>The company which is engaged in the exploration, development and production of crude oil and natural gas in India, both onshore and offshore was incorporated in 1983.</p>.<p>The company participates in various oil and gas blocks/fields in the nature of joint operation through production sharing contracts with the government along with other entities.</p>.<p>HDFC shares closed 1.41 per cent up at Rs 2,528.35 apiece on BSE while HOECL ended 1.81 per cent down at Rs 119.05.</p>