trending Market Intelligence /marketintelligence/en/news-insights/trending/0SmW2N3bs2go5ldz1PBlbQ2 content esgSubNav
In This List

India's Housing Development Finance buys remaining stake in unit

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


India's Housing Development Finance buys remaining stake in unit

Housing Development Finance Corp. Ltd. closed the acquisition of the 9.12% remaining stake in unit HDFC Credila Financial Services Pvt. Ltd. for 3.95 billion rupees.

Under the transaction, Housing Development Finance bought 11,470,000 shares of HDFC Credila from Ajay Bohora and Anil Bohora, according to a Dec. 12 filing. Following the acquisition, HDFC Credila became a wholly owned subsidiary of the company.

As of Dec. 12, US$1 was equivalent to 70.64 Indian rupees.