HDFC Financial institution managing director and CEO Aditya Puri has offered shares value Rs 843 crore of the nation’s largest personal sector lender. Mr Puri offered 74.20 lakh HDFC Financial institution shares between July 21 and July 24, for a complete consideration of Rs 842.73 crore, BSE knowledge confirmed. Forward of the share transactions, Mr Puri had 77.96 lakh shares of HDFC Financial institution. HDFC Financial institution has been on the lookout for a candidates to succeed Mr Puri, who’s scheduled to retire in October this yr.
Earlier, in April, HDFC Financial institution had knowledgeable exchanges that its board had finalised three candidates to succeed Aditya Puri, with out disclosing their names, saying they are going to be communicated to the Reserve Financial institution of India (RBI).
Market watchers are keenly awaiting any news developments on his successor, because it is without doubt one of the most coveted jobs within the nation’s banking sector, in response to analysts.
HDFC Financial institution’s board had appointed a search committee and in addition engaged exterior headhunters to look a candidate to succeed Mr Puri.
Mr Puri has greater than 4 a long time of expertise in banking each inside the nation and overseas.
Mr Puri has been head of the personal sector lender since its incorporation 25 years in the past. He has been the managing director of HDFC Financial institution since September 1994.
He has led HDFC Financial institution to be the nation’s largest and most respected financial institution, on the again of a strict maintain over asset high quality.
Previous to becoming a member of HDFC Financial institution, Mr Puri was the CEO of Citibank, Malaysia from 1992 to 1994.