Housing Development Finance Corporation to Complete the Sale of its 10% Stake in HDFC Capital Advisors – Udaipur Kiran | Latest news from Udaipur
Housing Development Finance Corporation is currently trading at Rs. 2284.60, up 47.20 points or 2.11% from its previous close of Rs. 2237.40 on BSE.
The certificate opened at Rs. 2243.00 and touched a high and a low of Rs. 2301.00 and Rs. 2239.95 respectively. So far, 96752 shares have been traded over the counter.
The Rs. 2 face value BSE Group “A” stock touched a 52-week high of Rs. 3021.10 on 15-Nov-2021 and a 52-week low of Rs. 2046.30 on 08-Mar-2022.
Last week, the high and low of the certificate stood at Rs. 2301.00 and Rs. 2152.75 respectively. The current market capitalization of the company is Rs. 414,682.99 crores.
Institutions and non-institutions respectively held 88.32% and 11.69% of the company’s capital.
Housing Development Finance Corporation (HDFC) has completed the sale of 2,35,019 shares of Rs 10 each of HDFC Capital Advisors (HCAL) representing 10% of its fully diluted share capital, to a wholly owned subsidiary of Abu Dhabi Investment Authority, at a price of Rs 7,841.49 per share, aggregating consideration of Rs 184.29 crore.
Pursuant to the above sale, HCAL ceased to be a wholly owned subsidiary, but continues to be a subsidiary of the Company.
HDFC offers a range of products such as personal loans, business loans, construction finance and rent discounting.
he financial conglomerate has subsidiaries and associates in insurance (general life and life), asset management, education finance, venture capital funds and banking services.