Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2320.80, up by 10.20 points or 0.44% from its previous closing of Rs. 2310.60 on the BSE.
The scrip opened at Rs. 2319.00 and has touched a high and low of Rs. 2328.00 and Rs. 2315.55 respectively. So far 9919 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2357.00 on 18-Jul-2019 and a 52 week low of Rs. 1821.55 on 27-Feb-2019.
Last one week high and low of the scrip stood at Rs. 2332.75 and Rs. 2247.00 respectively. The current market cap of the company is Rs. 399394.39 crore.
The Institutions holding in the company stood at 89.14%, while Non-Institutions held 10.87%.
Housing Development Finance Corporation (HDFC) is proposing to acquire around 1.14 crore equity shares of Rs 10 each of HDFC Credila Financial Services, a subsidiary of the company, representing 9.12% of the equity share capital of HDFC Credila on a fully diluted basis, from its other promoters for a total consideration not exceeding Rs 395 crore.
Currently, the company holds 90.88% of the equity share capital of HDFC Credila on a fully diluted basis and post completion of said acquisition, HDFC Credila would become a wholly owned subsidiary of the Corporation.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.