HDFC bank FII holding up 68.72%

The cumulative holding of Foreign Institutional Investors (FIIs) in HDFC rose to 68.72 per cent in the July-September 2012 quarter, up from 66.74 per cent at the end of previous quarter, as per stock exchanges data.

The increase in FII holding in HDFC is among the highest for any Sensex company during the quarter ended September 30,2012.

Also, the current FII holding of 68.7 2 per cent in HDFC is the highest since five-and-a-half years ago, when it stood at 68.85 per cent at the end of quarter ended March 31, 2007.

Experts say that impressive returns earned by some overseas investors in HDFC in the recent past could be the main reason for other foreign entities purchasing the

company's shares.

While Carlyle has exited from its about five-year old investment in HDFC (Housing Development Finance Corporation) with nearly double the returns, Citigroup also made impressive gains on its investment.

Carlyle had acquired over 5.2 per cent in 2007 at price of nearly 340 per share. A part of this holding was sold in February this year for about Rs 1,400 crore at an average

price of about Rs 677 per share.

The remaining 5.7 crore shares, accounting for 3.7 per cent stake, were sold earlier this month at a price of about Rs 762 a piece -- more than double the average

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