REG - Housing Dev Fin Corp - Updates for quarter ended September 30, 2018

Housing Development FinanceAnnouncement

03/10/2018 13:45

RNS Number : 8744C
Housing Development Fin. Corp. Ltd.
03 October 2018
 


Ref. No.: SE/2018-19/215                                                         
 
October 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
 
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following:
 
1.   During the quarter, the proceeds from the stake sale in the initial public offer (IPO) of HDFC Asset Management Company Limited (HDFC AMC), net of expenses and tax stood at ` 787 crore.
 
2.   Income from dividend for the quarter ended September 30, 2018 was ` 6 crore compared to ` 537 crore in the corresponding quarter of the previous year (which had included ` 433 crore from HDFC Bank Limited). In the current year, dividend from HDFC Bank Limited amounting to  ` 511 crore was received in the first quarter of the financial year.
 
Income from dividend for the six months ended September 30, 2018 was ` 592 crore compared to ` 596 crore in the corresponding period of the previous year.
 
3.   Loans assigned/securitised
 
o  During the quarter ended September 30, 2018, the Corporation assigned loans amounting to ` 6,059 crore compared to ` 3,531 crore in the corresponding quarter of the previous year. During the quarter, all loans sold were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.
 
o  Individual loans sold in the preceding 12 months amounted to ` 15,773 crore (Previous Year - ` 15,433 crore).
 
Kindly note that the above figures are subject to limited review by the statutory auditors 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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