Tag: #HDFC Bank

CCI approves HDFC Bank’s acquisition of 4.99 pc stake in HDFC ERGO General Insurance Company

In June, HDFC Bank had said its board has given the approval to buy more than 3.55 crore shares in group firm HDFC ERGO General Insurance Company for over Rs 1,906 crore from the parent company Housing Development Finance Corporation (HDFC). HDFC is the promoter and related party of the bank. “Commission approves acquisition of […]

HDFC Bank raises Rs 739 crore via masala bonds

HDFC Bank on Thursday said it has raised Rs 739 crore by issuing the rupee-denominated masala bonds in the overseas markets. HDFC Bank has issued and allotted rupee-denominated bonds overseas on September 30, 2021, the lender said in a regulatory filing. The private sector lender will use the proceeds from the issue for banking activities. The subordinated additional tier I bonds […]

HDFC Bank shelves HDB’s IPO plans

Mumbai: HDFC Bank has decided to shelve IPO plans of its subsidiary HDB Financial Services. The NBFC arm will focus on further improving its technology platform. The bank will consider testing the market for price discovery through a small stake sale. Last year, Aditya Puri, the bank’s founding and then MD & CEO had indicated that an IPO of the HDB was […]

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