In a significant financial transaction, global investment giants Morgan Stanley and Citigroup have jointly acquired shares worth over ?755 crore in HDFC Bank through block deals on the Bombay Stock Exchange. The purchase, amounting to 43.75 lakh shares at an average price of ?1,726.2 per share, signals strong confidence in the bank’s long-term growth prospects despite the volatile market conditions. HDFC Bank, recognized for its solid fundamentals and leadership in India’s banking sector, continues to attract foreign investment as it navigates the evolving financial landscape. This investment highlights the bank’s resilience and its strategic importance in the broader context of India’s economic recovery.
