23rd Mar 2009 07:00
RNS Number : 2708P
BankMuscat (S.A.O.G)
23 March 2009
Further to the information provided by Bank Muscat to the market on March 17th, the bank would like to advise that it has up to now sold approximately 81% of its stake in HDFC Bank, India. The pre-tax profit on the sale of this stake is approx RO 39 million and full details will be presented in our first quarter results. The remaining balance in HDFC bank is held in depository form and the bank will consider further disposals over time subject to market conditions.
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