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Bank Muscat sells HDFC stake
- Oman: Wednesday, July 01 - 2009 at 09:35
Bank Muscat said it had a pretax profit of about 21 million rials ($54.5m) from the sale of its 0.5% stake in HDFC Bank, India's third-biggest lender by market value. In April, the bank said that it had sold about 81% of its 2.67% stake in HDFC at a profit of 35.3 million rials.
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