trending Market Intelligence /marketintelligence/en/news-insights/trending/Vz6kBNskVhuOPDWijT2qIQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Housing Development Finance to acquire remaining stake in unit

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Housing Development Finance to acquire remaining stake in unit

Housing Development Finance Corp. Ltd. will acquire the remaining 9.12% stake it does not own in HDFC Credila Financial Services Private Ltd. for a total consideration of about 3.95 billion Indian rupees.

Under the deal, Housing Development Finance will acquire 11,470,000 equity shares of HDFC Credila Financial Services from the unit's other promoters Ajay Bohora and Anil Bohora, according to a Dec. 9 stock exchange filing.

HDFC Credila Financial Services is a nonbanking financial company that offers loans for higher education. The stake acquisition will make HDFC Credila Financial Services a wholly owned unit of Housing Development Finance.

The acquisition is expected to be completed by Dec. 31.

As of Dec. 9, US$1 was equivalent to 71.03 Indian rupees.