REG - Housing Dev Fin Corp - Updates for quarter ended September 30, 2019

Housing Development FinanceAnnouncement

03/10/2019 14:40

RNS Number : 7146O
Housing Development Fin. Corp. Ltd.
03 October 2019
 


 
Ref. No. SE/2019-20/205
 
October 3, 2019
 
BSE Limited                                                               National Stock Exchange of India Limited
P. J. Towers,                                                                Exchange Plaza, Plot No. C/1,
Dalal Street,                                                                Bandra-Kurla Complex, Bandra (East),
Mumbai 400 001.                                                        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Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following: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 ended September 30, 2019, the profit on sale of investments was ` 1,632 crore (Previous Year: ` 891 crore). Profit on sale of investments in the quarter ended September 30, 2019 includes profit on sale of part stake of equity shares in GRUH Finance Limited (GRUH). As at September 30, 2019, HDFC's equity shareholding in GRUH stood at 38.2%.
 
2.   Income from dividend for the quarter ended September 30, 2019 was ` 1,074 crore compared to ` 6 crore in the previous year. In the current financial year, dividend from HDFC Bank    (` 865 crore) and GRUH (` 70 crore) was received in the second quarter (as against the first quarter in the previous financial year).
 
3.   Loans assigned:
 
o During the quarter ended September 30, 2019, the Corporation assigned loans amounting to ` 7,160 crore compared to ` 6,059 crore in the corresponding quarter of the previous year. All the loans assigned during the quarter ended September 30, 2019 were to HDFC Bank pursuant to the buyback option embedded in the home loan arrangement between the Corporation and HDFC Bank.
 
o Loans sold in the preceding 12 months amounted to ` 23,767 crore (Previous Year -        ` 15,773 crore).
 
Kindly note that all the 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 Ltd.
 
 
Ajay Agarwal
Company Secretary
 
Cc: London Stock Exchange,
10, Paternoster Square, London, EC4M 7LS
 




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