KKR to offload 0.42% stake in HDFC Bank via block deal today

Private equity giant KKR & Co will offload around 1.14 crore shares, or 0.42 per cent stake, in India’s most valuable lender HDFC BankNSE -0.43 % through a bulk deal on April 10, according to bankers. There are expectations that the offer price will be up to 3 per cent discount to Tuesday’s closing price of Rs 2,287.25. The deal is expected to fetch about Rs 2,614 crore to KKR.