HDFC to sell 0 62% stake in HDFC ERGO equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Send Housing finance major HDFC Ltd is selling 0.62 per cent of its stake in general insurance subsidiary HDFC Ergo to the foreign JV partner Ergo International for over Rs 236 crore to meet regulatory norms.
New Delhi:
The Housing Development Finance Corporation Ltd (HDFC) is required to reduce its shareholding in HDFC Ergo to 50 per cent or below as per an RBI directive.
HDFC has today entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs 10 each, representing 0.62 per cent of the issued and paid-up share capital of HDFC Ergo, the mortgage lender said in a regulatory filing on Saturday.
HDFC board recommends dividend of Rs 23 equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
HDFC sounds caution on economy, Q4 net jumps
Updated:
Updated:
Board recommends ₹23 dividend
Board recommends ₹23 dividend
Mortgage lender Housing Development Finance Corporation Ltd. (HDFC) reported standalone net profit for the fourth quarter surged 42% to ₹3,180 crore.
However, it sounded a note of caution considering the second wave of COVID-19 gripping the country.
“Since April, India has been witnessing an eruption of a second wave of infections,” HDFC said in a filing.
“There continues to be a great deal of uncertainty on the duration and intensity of the second wave and the resultant impact it may have on the Corporation and the overall economy.”
Daily Market Commentary - April 30, 2021 - Bonanza Portfolio equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.