News Details

( As on 16/01/2023 17:53)

HDFC - Amalgamation/Merger

Housing Development Finance Corporation Limited has informed the Exchange about Update on Regulatory Approvals Receipt of approval from Financial Services Commission,Mauritius (FSC) for transfer of shares of Griha Investments (Griha), a wholly-ownedsubsidiary of HDFC Holdings Limited (HDFC Holdings) and a foreign step-downsubsidiary of Housing Development Finance Corporation Limited (HDFC Limited), onaccount of the proposed composite scheme of amalgamation (Scheme) for theamalgamation of: (i) HDFC Investments Limited and HDFC Holdings, wholly-ownedsubsidiaries of HDFC Limited, with and into HDFC Limited; and (ii) HDFC Limited withand into HDFC Bank Limited (HDFC Bank) (Proposed Amalgamation).