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April 05, 2021
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Housing Development Finance Corporation Ltd (HDFC) has acquired 9.9 per cent stake in Kerala Infrastructure Fund Management Ltd.
“.the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.9 per cent of its share capital issued on a private placement basis,” HDFC said in a regulatory filing on Monday.
The cost of acquisition is at par, that is at a face value of Rs 10 per share.
The indicative period for the completion of the acquisition is one month, it further said, adding that the transaction was through cash consideration.
Set up in November 2018, Kerala Infrastructure Fund Management Ltd was promoted by the Kerala Infrastructure Investment Fund Board (KIIFB) to manage Kerala Infrastructure Fund. It acts as an asset management company.
At ₹7.34-lakh cr, India Inc’s Re bond issues up 19% in FY21
April 05, 2021
Liquidity created by central bank helped meet funds demand as recovery sustained
Lifted by a wave of liquidity in a rebounding economy, India Inc raised ₹7.34-lakh crore through rupee bonds in FY21, up 19 per cent over the previous fiscal year despite the pandemic. Corporates had raised ₹6.75-lakh crore in FY20.
The biggest fund-raisers during the period were National Bank For Agriculture and Rural Development (₹67,865 crore), Housing Development Finance Corporation Ltd (₹49,843 crore), National Highways Authority of India (₹45,802.6 crore), Rural Electrification Corporation (₹45,193.2 crore) and Power Finance Corporation (₹40,967.6 crore).
“From the debt capital markets perspective, FY21 has been a good year as it started with a healthy volume and saw a growth in issuances despite the lockdown and the pandemic. As there been enough liquidity in the market, in spite of unusually heavy
HDFC saw strong improvement in individual loan business during Q4FY21
Posted On: 2021-04-03 02:05:59 (Time Zone: Arizona, USA)
Housing Development Finance Corporation Ltd ( HDFC / Corporation ) has announced that the individual loan business continued to see strong improvements during the quarter ended Match 31, 2021.
Loans assigned: During the quarter ended March 31, 2021, pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank, the Corporation assigned loans to HDFC Bank amounting to Rs. 7,503 crore compared to Rs. 5,479 crore in the corresponding quarter of the previous year.
Individual loans sold in the preceding 12 months amounted to Rs. 18,980 crore (Previous Year: Rs. 24,127 ctore).