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. With this, HCAL ceases to be a wholly-owned subsidiary of HDFC. In April, Housing Development Finance Corporation (HDFC) had entered into a share purchase agreement for sale of 2,35,019 equity shares of HCAL, representing 10 per cent of paid-up share capital, to a wholly-owned subsidiary of Abu Dhabi Investment Authority. "We wish to inform you that the corporation has on May 25, 2022 concluded the sale, at a price of Rs 7,841.49 per equity share, aggregating to a consideration of Rs 184.29 crore," HDFC said in a regulatory filing. Pursuant to this sale, HCAL has ceased to be a wholly-owned subsidiary of HDFC. However, it continues to be a subsidiary of the corporation, it added. Stock of HDFC traded at Rs 2,282 apiece on BSE during noon trade, up by 1.99 per cent from previous close.
 "HDFC divests 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr")
Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health
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.
 "Stocks to Watch: Maruti, HDFC, SBI Cards, Tata Coffee, Wipro, Star Health")
Trading strategies for beaten down HDFC twins, bank stocks
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.
 "Trading strategies for beaten down HDFC twins, bank stocks")
HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions
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.
 "HDFC Bank Q4 net up 23% to Rs 10,055 crore due to lower provisions")
Housing finance major HDFC pares 3% stake in Bandhan Bank for Rs 1,521 cr
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
 "Housing finance major HDFC pares 3% stake in Bandhan Bank for Rs 1,521 cr")
HDFC Bank, HDFC down for 2nd day in a row; dip up to 11% from Monday's high
Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days
 "HDFC Bank, HDFC down for 2nd day in a row; dip up to 11% from Monday's high")
HDFC Bank and mortgage lender HDFC Ltd to merge
The merger is expected to be completed by Q2/Q3 of FY24
HDFC Bank and mortgage lender HDFC Ltd to merge
The merger is expected to be completed by Q2/Q3 of FY24
HDFC-HDFC Bank mega merger: 45 years on, the homemakers check in
Fifty-five years ago, Hasmukh Thakordas Parekh set up HDFC Ltd, which went on to become a marquee name in India Inc
 "HDFC-HDFC Bank mega merger: 45 years on, the homemakers check in")
HDFC Bank and mortgage lender HDFC Ltd to merge
The HDFC Bank and HDFC Ltd. merger is expected to be completed by Q2/Q3 of FY24
 "HDFC Bank and mortgage lender HDFC Ltd to merge")
HDFC Bank, HDFC rally up to 10% as board approves merger
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
 "HDFC Bank, HDFC rally up to 10% as board approves merger")
Sell-off toll! HDFC twins, HUL, Dr.Reddy's among Nifty50 stks at 52-wk lows
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.
 "Sell-off toll! HDFC twins, HUL, Dr.Reddy's among Nifty50 stks at 52-wk lows")
SAT dismisses Sebi order against HDFC Bank in BRH Wealth Kreators case
In its order on Friday, SAT said the bank was justified in invoking the pledge made by the broker BRH
 "SAT dismisses Sebi order against HDFC Bank in BRH Wealth Kreators case")
HDFC Group shares falter: HDFC at 6-month low; HDFC Life hits 52-week low
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.
 "HDFC Group shares falter: HDFC at 6-month low; HDFC Life hits 52-week low")
CLSA upgrades HDFC, Nippon Life India AMCs from 'outperform' to 'buy'
CLSA believes domestic AMCs will have huge growth potential, given the huge underpenetration of MFs in the country
 "CLSA upgrades HDFC, Nippon Life India AMCs from 'outperform' to 'buy'")
Market value of nine leading companies up Rs 2.22 trn; RIL and TCS lead
BSE Sensex rallied 3.21 per cent last week; HDFC Bank's capitalisation rose by Rs 37,563.09 crore.
 "Market value of nine leading companies up Rs 2.22 trn; RIL and TCS lead")
Osho Krishan is bullish on these two HDFC group stocks; here's why
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
 "Osho Krishan is bullish on these two HDFC group stocks; here's why")
HDFC Bank set for post-embargo scenario with aggressive payments biz plans
Refuses to hazard a guess on when RBI will lift curbs; picks up stake in Pune-based enterprise software solutions firm
Regulatory wrinkles should be ironed out to give HFCs a better deal: Parekh
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.
 "Regulatory wrinkles should be ironed out to give HFCs a better deal: Parekh")
Have redoubled efforts to fix problem of tech outages: HDFC Bank CEO
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
