HDFC Bank CEO & MD Aditya Puri sold approx 74 Lakh shares amounting to Rs 842.87 crore as per regulatory filings. The share sale has brought down Puri’s holding to 0.01 per cent from the earlier 0.14 per cent.
The sale comes months ahead of Puri’s retirement from the bank. His term is set to end in October when he attains the age of 70.
Puri had emerged as the highest-paid Indian banker in FY2019-20 with a 20 per cent growth in gross earnings at Rs 18.92 crore. He had also earned an additional Rs 161.56 crore in FY2019-20 and Rs 42.20 crore in FY2019 by exercising his stock options, as per the bank’s earlier disclosures.