Aditya Puri sells HDFC Bank Shares worth Rs.842 cr

HDFC Bank chief executive and managing director Aditya Puri sold shares worth Rs 842.87 crore of the private lender last week.

The tycoon sold 74.20 lakh of the 77.96 lakh shares in the bank and Puri's remaining holding of the bank shares is now 3.76 lakh shares valued at over Rs 42 crore as of the last close on Friday.

“The net value realized by Puri is not as stated. The acquisition cost of shares and the tax payable on the transaction has to be accounted for as well,” the bank announced.

Puri was reportedly granted 6.82 lakh shares under the Employee Stock Ownership Plan (ESOPs) in FY2020 and had also sold shares worth Rs 200 crore in the bank's subsidiary HDB Financial Services in FY2020.