HDFC Group

HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore.

Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.

HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.

The net interest income of the bank grew by 10.2 per cent to Rs 18,872.7 crore on the back of 20.8 per cent growth in advances.

According to bulk deal data available with the BSE, Housing Development Finance Corporation (HDFC) sold a total of 4,96,32,349 shares, amounting to 3.08 per cent stake, of Bandhan Bank

Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days

The merger is expected to be completed by Q2/Q3 of FY24

The merger is expected to be completed by Q2/Q3 of FY24

Fifty-five years ago, Hasmukh Thakordas Parekh set up HDFC Ltd, which went on to become a marquee name in India Inc

The HDFC Bank and HDFC Ltd. merger is expected to be completed by Q2/Q3 of FY24

The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank shall be 42 equity shares of face value of Re 1 each of HDFC Bank for every 25 equity shares of face value of Rs 2 of HDFC

Apart from the 8 stocks among the Nifty50 index, a total of 26 stocks too dropped to their respective 52-week lows among the Nifty500 index.

In its order on Friday, SAT said the bank was justified in invoking the pledge made by the broker BRH

HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.

CLSA believes domestic AMCs will have huge growth potential, given the huge underpenetration of MFs in the country

BSE Sensex rallied 3.21 per cent last week; HDFC Bank's capitalisation rose by Rs 37,563.09 crore.

HDFC AMC is currently hovering just near its 21 and 50 DEMA and far above the long-term exponential moving average (200 DEMA), suggesting inherent strength in the counter

Refuses to hazard a guess on when RBI will lift curbs; picks up stake in Pune-based enterprise software solutions firm

Parekh said his personal view was that Regulation and supervision are critical functions in any financial system and it is important that trust between a regulator and regulatee is never compromised.

Irked by repeated outages that the bank faced, RBI had barred it from issuing new credit cards last December and stopped it from going ahead with new digital launches