REG - Housing Dev Fin Corp - Addendum-Updates financial results- June 2018

Housing Development FinanceAnnouncement

03/07/2018 09:10

RNS Number : 4027T
Housing Development Fin. Corp. Ltd.
03 July 2018
 


Ref. No.: SE/2018-19/109
 
 
July 3, 2018
 
BSE Limited                                                                 National Stock Exchange of India Limited
P. J. Towers                                                                  Exchange Plaza, Plot No. C/1, G Block
Dalal Street                                                                   Bandra-Kurla Complex
Mumbai 400 001                                                          Bandra (East), Mumbai 400 051
 
Kind Attn: Sr. General Manager                                  Kind Attn: Head - Listing
DCS - Listing Department
                                                                               
Dear Sirs,
 
Sub:     Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
 
 
We refer to our intimation dated July 2, 2018 wherein we had submitted certain financial updates for the quarter ended June 30, 2018, which are subject to limited review by the statutory auditors of the Corporation.
 
In this connection, as an addendum, we would like to clarify the following:
 
o During the quarter ended June 30, 2018, the Corporation assigned loans amounting to          ` 9,714 crore (Previous Year - ` 2,922 crore). All the loans assigned during the quarter ended June 30, 2018 were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.
 
o The increase in the amount of loans assigned to HDFC Bank during the quarter ended June 30, 2018 was due to the fact that no loan assignments were done to HDFC Bank since August 2017. Thus, the entire loan assignments during the quarter ended June 30, 2018 pertained to the backlog under the arrangement.
 
We request you to bring the above to the notice of all concerned.
 
Thank you.
 
Yours faithfully,
For Housing Development Finance Corporation Limited
 
 
Ajay Agarwal
Company Secretary
 
Cc:       London Stock Exchange,
10, Paternoster Square, London, EC4M7LS




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