People’s Bank of China now owns 1.01% stake in HDFC

The People’s Bank of China (PBOC), which is the Central Bank of China now owns 1.01% stake in the Housing Development Finance Corporation (HDFC).
As per the data submitted by PBOC to BSE, it held 1.75 crore shares of HDFC during the quarter that ended in March 2020. However, PBOC already owned 0.8 percent earlier.
As per norms, businesses are required to disclose shareholding of over 1 percent at the end of every quarter. The disclosure has been made now by PBOC because the ownership has hit the 1 percent regulatory threshold.