Updated Jan 21, 2021 | 13:12 IST
Good Host, which is engaged in providing hostel services, guest house services, service apartments and leasing of property for hostel services, had reported a turnover of Rs 112.6 crore in fiscal 2019-20. Representational image
Mumbai: Non-banking finance company Housing Development Finance Corporation (HDFC) has signed a pact to sell its 24.48 per cent stake in Good Host Spaces, a company engaged in the business of managing student housing facilities, for nearly Rs 233 crore.
HDFC said the aggregate sale consideration for the sale shares is Rs 232.81 crore which is subject to various customary adjustments as agreed between the parties, and the final sale consideration will be calculated accordingly.