Housing Development Finance Corporation announced that HDFC Investments(HIL ), a wholly-owned subsidiary of the Corporation has sold 7,960 equity shares of India Asset Recovery Management (IARM), a company situated in Mauritius, representing 19.9% of the equity share capital of IARM for a cash consideration of USD 129,663.23.

Powered by Capital Market - Live News

Housing Development Finance Corporation has entered into a share purchase agreement for sale of 47,75,241 equity shares of Re. 1 each, representing 24.48% of the issued and paid-up share capital of Good Host Spaces.

Good Host is engaged in the business of provision ofservices with NIC Code 55901 i.e. management andoperation of student housing facilities and related services.

The aggregate sale consideration for the Sale Shares isRs. 232.81 crore which is subject to various customaryadjustments as agreed between the parties, and the finalsale consideration shall be calculated accordingly.

Powered by Capital Market - Live News

HDFC will hold a meeting of the Board of Directors of the Company on 2 February 2021.

Powered by Capital Market - Live News

Housing Development Finance Corporation has approved the allotment of 3,41,369 equity shares of Rs. 2 each of the Corporation pursuant to exercise of stock options by certain employees of the Corporation.

Post the above allotment, the paid-up share capital of the Corporation is Rs. 360,03,91,804 consisting of 180,01,95,902 equity shares of Rs. 2 each.

Powered by Capital Market - Live News