REG - Housing Dev Fin Corp - Update-Completion of acquistion of HDFC Credila

Housing Development FinanceAnnouncement

12/12/2019 12:25

RNS Number : 7083W
Housing Development Fin. Corp. Ltd.
12 December 2019
 


Ref. No.: SE/2019-20/264
 
December 12, 2019
 
BSE Limited                                                                National Stock Exchange of India Ltd.
P. J. Towers                                                                  Exchange Plaza, Plot No. C/1
Dalal Street                                                                  G Block, 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:     Disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
 
 
This has reference to our disclosure dated December 9, 2019, wherein the Corporation had inter alia informed about the proposed acquisition of 1,14,70,000 equity shares of Rs. 10 each of HDFC Credila Financial Services Private Limited (HDFC Credila), a subsidiary of the Corporation, representing 9.12% of the equity share capital of HDFC Credila on a fully diluted basis, from its promoters Mr. Ajay Bohora and Mr. Anil Bohora.
 
In this connection, we wish to inform you that the Corporation has today completed acquisition of 1,14,70,000 equity shares of Rs. 10 each, representing 9.12% of the equity share capital of HDFC Credila on a fully diluted basis for a total consideration of Rs. 395 crore and accordingly, HDFC Credila has become a wholly owned subsidiary of the Corporation.
 
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, EC4M 7LS
 




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