trending Market Intelligence /marketintelligence/en/news-insights/trending/W4pRqmS0eUIKCvingne5VQ2 content esgSubNav
In This List

Housing Development Finance unit acquires 15% stake in Tanzania firm

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Housing Development Finance unit acquires 15% stake in Tanzania firm

Housing Development Finance Corp. Ltd. unit HDFC Investments Ltd. acquired a 15% stake in Tanzania's first housing finance company, First Housing Finance (Tanzania) Ltd.

HDFC Investments will acquire 32.7 million shares for a total price of US$1.5 million, according to a June 1 release.

The unit has obtained regulatory approval for the investment. First Housing Finance has not yet commenced operations.