HDFC Capital Advisors to acquire 8.5% stake in TruBoard

HDFC Capital Advisors (HCAL), a subsidiary of the HDFC Bank, has entered into a Share Subscription Agreement for acquisition of 1,043 Equity Shares of TruBoard which post allotment, would entitle HCAL to 8.5% of the equity share capital of TruBoard on a fully diluted basis.

Investment in TruBoard is proposed to be made by HCAL under its H@ART initiative programme to invest in technology companies for the benefit of the real estate ecosystem. A binding share subscription agreement in relation to such proposed investment has been entered into by HCAL on 30 May 2024.

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