HDFC approves amalgamation of 5 subsidiaries into itself

Mortgage lender HDFC Ltd today cleared the merger of five subsidiaries with itself, subject to various regulatory approvals.

HDFC has granted in-principle approval for the amalgamation of Grandeur Properties, Haddock Properties, Winchester Properties, Pentagram Properties and Windermere Properties into itself, the company said in a statement.

All these companies are wholly owned subsidiaries of the HDFC, it said.

The said amalgamation is subject to various regulatory approvals as applicable, it said.