HOUSING DEVELOPMENT FINANCE CORPORATION LTD. - (AMALGAMATED)
NSE : HDFCBSE : 500010ISIN
CODE : INE001A01036Industry : Finance - HousingHouse
: HDFC
BSE2729.950 (0 % )
PREV CLOSE (Rs.) 2729.95
OPEN PRICE (Rs.) 2750.40
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 438405
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2724.30 0 (0 % )
PREV CLOSE(Rs.) 2724.30
OPEN PRICE (Rs.) 2755.80
BID PRICE (QTY) 2724.30 (11947 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 42367376
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 30-Jun-2023 | HDFC acquires stake in Xanadu Realty | <p style="text-align: justify;">Housing Development Finance Corporation (HDFC) has acquired 612 equity shares of Xanadu Realty (Xanadu) representing 5.46% of its paid-up equity share capital upon conversion of 938 compulsorily convertible debentures held by it in Xanadu. The objective of acquisition is for financial investment. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
| 28-Jun-2023 | HDFC sells preference shares in True North Corporate | <p style="text-align: justify;">Housing Development Finance Corporation (HDFC) has sold 120,222 Non-Cumulative Non-Convertible Redeemable Preference shares of face value Rs 10 each of True North Corporate (True North) representing 28.01% of the paid-up share capital of True North. The total consideration for the sale of 1,20,222 Non -- Cumulative Non- Convertible Redeemable Preference shares is Rs 12,02,220. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
| 23-Jun-2023 | HDFC sells stakes in HDFC Property Ventures, HDFC Venture Capital | <p style="text-align: justify;">Housing Development Finance Corporation (HDFC) has completed the sale of 10,00,000 equity shares of Rs 10 each of HDFC Property Ventures (HPVL) and 5,00,000 equity shares of Rs 10 each of HDFC Venture Capital (HVCL), wholly owned subsidiaries of the Corporation, to Vividh Distributors and its nominees, for a consideration amount of Rs 1.20 crore and Rs 0.30 crore respectively. Accordingly, HPVL and HVCL have ceased to be subsidiaries of the Corporation. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
| 23-Jun-2023 | HDFC to subscribe stake in Bonito Designs | <p style="text-align: justify;">Housing Development Finance Corporation (HDFC) has executed definitive agreements for subscription of 6,068 equity shares of Bonito Designs (Bonito). While the shareholding of the Corporation translates to 3.86% of the total share capital of Bonito, it entitles the Corporation to 5.13% voting rights. The objective of acquisition is to financial investment. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
| 23-Jun-2023 | HDFC gains on executing definitive agreement to subscribe stake in Bonito Designs | <p style="text-align: justify;">Housing Development Finance Corporation is currently trading at Rs. 2729.80, up by 14.70 points or 0.54% from its previous closing of Rs. 2715.10 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2705.00 and has touched a high and low of Rs. 2734.00 and Rs. 2700.55 respectively. So far 6690 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2867.00 on 04-May-2023 and a 52 week low of Rs. 2133.45 on 01-Jul-2022.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2738.60 and Rs. 2632.00 respectively. The current market cap of the company is Rs. 502458.63 crore.</p><p style="text-align: justify;">The Institutions holding in the company stood at 88.69%, while Non-Institutions held 11.31% stake in the company.</p><p style="text-align: justify;">Housing Development Finance Corporation (HDFC) has executed definitive agreements for subscription of 6,068 equity shares of Bonito Designs (Bonito). While the shareholding of the Corporation translates to 3.86% of the total share capital of Bonito, it entitles the Corporation to 5.13% voting rights. The objective of acquisition is to financial investment. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
| 21-Jun-2023 | CCI approves acquisition by HDFC of additional stake of HDFC ERGO | <p style="text-align: justify;">The Competition Commission of India (CCI) has approved the acquisition by Housing Development Finance Corporation (HDFC) of certain additional shareholding of HDFC ERGO General Insurance Company (HDFC ERGO).</p><p style="text-align: justify;">The proposed combination pertains to the acquisition by HDFC of certain additional shareholding of HDFC ERGO on a spot delivery basis (the Proposed Transaction) such that HDFC (after the Proposed Transaction) and the surviving amalgamated entity i.e. HDFC Bank (after the effective date of the proposed amalgamation of, inter alia, HDFC into HDFC Bank) will hold over 50% of the shareholding of HDFC ERGO in compliance with Indian banking laws. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p><div style="text-align: justify;"><br></div> |
| 20-Jun-2023 | HDFC, HDFC Bank, HDFC Credila enter into definitive agreements to sell 90% stake in HDFC Credila | <p style="text-align: justify;">Housing Development Finance Corporation (HDFC), HDFC Bank and HDFC Credila Financial Services (HDFC Credila), have entered into definitive agreements to sell approximately 90% stake in HDFC Credila to an investor consortium of BPEA EQT and ChrysCapital. HDFC Credila is the one of the largest non-bank lenders in the Indian education financing market. </p><p style="text-align: justify;">The consortium valued HDFC Credila at a Pre-Money Valuation of Rs 10,350 crore and will infuse primary proceeds of Rs 2,000 crore into the company. HDFC will continue to remain invested with a stake of 9.99% in HDFC Credila. </p><p style="text-align: justify;">Jefferies acted as the exclusive financial advisor to HDFC and HDFC Credila on the transaction. The transaction represents the largest ever private equity buyout in the Indian financial services sector. The transaction was run on a very tight timeline with the entire process up to signing being completed in just 54 days. Established in 2006 and headquartered in Mumbai, HDFC Credila is one of India's premier non-bank lenders in the education finance space. The NBFC provides education loans to students pursuing higher education in India and overseas. The Company has extended loans to over 1.24 lakh customers since inception with the current loan book at over Rs 15,000 crore. The transaction is subject to regulatory approvals from the RBI and CCI. </p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
| 20-Jun-2023 | Housing Development Finance Corporation informs about press release | <p style="text-align: justify;">In furtherance to its earlier intimation dated June 19, 2023 informing that the Corporation has executed definitive documents on June 19, 2023 for proposed disinvestment/ sale of approximately 13,29,49,207 equity shares of HDFC Credila representing approximately 90% of HDFC Credila's total issued and paid-up share capital as on date, to the Kopvoorn B.V., Moss Investments, Defati Investments Holding B.V. and Infinity Partners (the ‘Proposed Transaction'), subject to regulatory approvals and dispensations (including the RBI and Competition Commission of India) in connection with the Proposed Transaction and continuation of HDFC Credila's business. In this regard, Housing Development Finance Corporation has informed that it enclosed a press release issued titled ‘BPEA EQT And ChrysCapital to Acquire 90% Stake In HDFC Credila In India's Largest Ever Private Equity Buyout Transaction In The Financial Services Sector'.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 20-Jun-2023 | ITI, 3i Infotech and HDFC to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">ITI </span>has signed a Tripartite memorandum of understanding (MoU) with Centre for Development of Telematics (C-DOT), and Telecommunications Consultants India (TCIL) as part of the larger efforts by the Government to synergize R&D efforts in the field of telecommunications aimed at establishing a frame work for cooperation between C-DOT, TCIL, and ITI in creation and delivery of innovative telecommunication products and related services for Smart Cities. </p><p style="text-align: justify;"><span style="font-weight: bold;">3i Infotech</span> has been awarded contract by one of leading Indian Private Sector Bank, for Managed Services Partner for Data center Domain. Total contract value is approximately Rs 42.60 crore, spread across two years. </p><p style="text-align: justify;"><span style="font-weight: bold;">HDFC</span>, HDFC Bank and HDFC Credila Financial Services (HDFC Credila), have entered into definitive agreements to sell a majority stake in HDFC Credila to an investor consortium of BPEA EQT and ChrysCapital. HDFC Credila is the one of the largest non-bank lenders in the Indian education financing market. The consortium valued HDFC Credila at a Pre-Money Valuation of Rs 10,350 crore and will infuse primary proceeds of Rs 2,000 crore into the company. HDFC will continue to remain invested with a stake of 9.99% in HDFC Credila.</p><p style="text-align: justify;"><span style="font-weight: bold;">Pidilite Industries</span>' wholly owned subsidiary -- Pidilite Middle East has increased its holding in its subsidiary entity namely Pidilite MEA Chemicals LLC from 49% to 100%, on purchase of balance 51% from an existing shareholder of Pidilite MEA Chemicals LLC. Consequent to this, Pidilite MEA Chemicals LLC is now a wholly owned subsidiary of Pidilite Middle East effective June 19, 2023. </p><p style="text-align: justify;"><span style="font-weight: bold;">Sun Pharmaceutical Industries</span>' wholly owned subsidiary -- Sun Pharma Canada Inc., has received Health Canada's approval for WINLEVI (clascoterone cream 1%). WINLEVI is the first and only androgen receptor inhibitor indicated for the topical treatment of acne vulgaris (acne) in patients 12 years of age and older, and the newest Health Canada-approved formulation to target the hormonal component of acne for Canadian patients in 40 years. </p><p style="text-align: justify;"><span style="font-weight: bold;">Ashima </span>has raised Rs 5 crore through allotment of 500 fully paid-up, Unlisted, Secured, Unrated, Redeemable, Rupee Denominated, Non-Convertible Debentures (NCDs) of face value of Rs 1,00,000 each on Private Placement basis (NCDs) Tranche- I. The Sub-Committee of Directors of the Company has at its meeting held on June 19, 2023, approved the same.</p><p style="text-align: justify;"><span style="font-weight: bold;">Union Bank of India </span>has signed a Memorandum of Understanding (MoU) with IIT (BHU) Varanasi for setting up a joint incubation centre (JIC). The name of this incubation centre will be ‘IIT (BHU) Varanasi-Union Bank of India Incubation Centre'. The JIC is being set up with financial support from Union Bank of India and the operations will be managed by IIT (BHU) Varanasi.</p> |
| 13-Jun-2023 | HDFC to sell entire stake in HDFC Ventures Trustee Company | <p style="text-align: justify;">Housing Development Finance Corporation (HDFC) has entered into a Share Purchase agreement for sale of entire stake held by it in HDFC Ventures Trustee Company (HVTCL), a wholly owned subsidiary of the Corporation to Nitipalsingh Gajendrasingh Sisodiya and Vidhi Praveen Jain and their five nominees, for an aggregate consideration of Rs 7.60 lakh (collectively, the ‘Sale Transaction'). Post consummation of the proposed Sale Transaction, HVTCL would cease to be subsidiary of the Corporation.</p><p style="text-align: justify;">HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.</p> |
