Page 8 - Hdfc

Asian fund BPEA EQT closes in on study loan financer HDFC Credila

Transaction may close at a valuation of $1.2 bn; sale expedited following RBI instructions to either sell the firm or merge it with HDFC or HDFC Bank before their own merger by July

HDFC launches India's first mutual fund focused on defence sector

HDFC Asset Management Company Ltd on Tuesday announced the launch of the country's first mutual fund focussed on defence sector, a move that will provide investors an opportunity to participate in growth potential of this space. The new fund offering (NFO) of HDFC Defence Fund, an open-ended equity scheme, would open on May 19 and close on June 2, HDFC AMC said in a statement. The fund will invest at least 80 per cent of its net assets in defence and allied sector companies. Defence and allied sector stocks include stocks forming part of aerospace and defence; explosives, shipbuilding and allied services. "In a multipolar world, defence expenditure globally is set to increase as countries enhance their defence capabilities. Self-reliance in defence led by strong R&D (Research and Development) focus and enhancement of manufacturing capabilities creates opportunity for Indian companies to serve domestic market as well as tap large export potential. This could offer a multi-decadal ..

HDFC to raise up to Rs 8,000 cr through bonds, will offer 7.7% per annum

Mortgage lender HDFC will raise up to Rs 8,000 crore by issuing bonds on a private placement basis to shore up its resources. The unsecured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 3,000 crore with an option to retain over-subscription of up to Rs 5,000 crore. The object of the issue is to augment the long-term resources of the Corporation, HDFC said in a regulatory filing. The largest mortgage lender in the country said it will use the proceeds from the issue for financing or refinancing the housing finance business requirements. The bond issue closes on May 15, 2023, it said. Housing Development Finance Corporation (HDFC), set for a merger with its subsidiary HDFC Bank, will offer a coupon at 7.70 per cent per annum on the bonds.

Mcap of 4 of top 10 firms falls by Rs 56,006 cr, HDFC twins falls steepest

Four of the top 10 valued firms together lost Rs 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit. Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent. While HDFC Bank, State Bank of India, HDFC and Bharti Airtel faced erosion in their valuation, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC and Infosys were the gainers, with a combined addition of Rs 44,540.05 crore in their market capitalisation (mcap). Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see significant fund outflow. The valuation of HDFC Bank tumbled Rs 34,547.61 crore to Rs 9,07,505.07 crore, the most among the top 10 firms. HDFC's mcap eroded by Rs 13,584.9 crore to Rs 4,95,541.41 crore and that of Bharti Airtel fell by Rs 6,356.46 crore to Rs 4,39,153.22 crore. The market capitalisation of State Bank of India declined by Rs 1,517.18 crore to Rs 5,14,370.01 .

HDFC twins sink as Street fears MSCI blow may trigger $200 mn outflow

Shares of HDFC and HDFC Bank dropped up to 6 per cent. The Street had expected inflows worth $3 billion by foreign portfolio investors

HDFC Q4 profit up 20% at Rs 4,425 cr on robust net interest income

Mortgage lender's board declares an interim dividend of Rs 44 per equity share for FY23

HDFC Q4 net profit up 19.5%, interim dividend of Rs 44 per share declared

HDFC Q4: The company's total revenue from operations was up 35.6% year-on-year (YoY) to Rs 16,679.43 crore

HDFC likely to raise Rs 15,000 crore in 10-year bonds next week

The proposed issue is likely to have a base size of Rs 110 billion and a greenshoe option to retain an additional subscription of Rs 40 billion, bankers added

HDFC-HDFC Bank merger may pave way for Adani Enterprises' Sensex inclusion

LTIMindtree may get added to Nifty; merged HDFC Bank may see $4.9 bn inflows from passive tracker

Favourable terms

Lower cost of funds will help HDFC Bank after merger

In the run-up to merger: HDFC Bank gets RBI relief on PSL norms

Allows to raise stake in insurance JVs; No exemption on CRR/SLR

ITC surpasses HDFC's m-cap to become 7th most valued listed company

Thus far in calendar year 2023 (CY23), ITC has surged 22%, as compared to 3% decline in the S&P BSE Sensex, and 2.4% rise in HDFC Ltd

HDFC Capital to hike stake in proptech startup Reloy by up to 2.4%

HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on Wednesday, HDFC Capital Advisors will acquire 1.67 lakh compulsory convertible preference share (CCPS), which post allotment will be equivalent to additional 1.8 per cent to 2.4 per cent stake in Loyalie (Reloy). The preference shares are proposed to be acquired at Rs 89.81 per equity share, taking the transaction value to Rs 1.49 crore. In March last year, HDFC Capital had acquired a 7.2 per cent equity stake in Loyalie IT Solutions Pvt Ltd (Reloy) for Rs 1.1 crore. Founded by Akhil Sharaf in 2018, Reloy has been working closely with top real estate developers to create the perfect home owning journey through their customer loyalty programmes. In the regulatory filing, Housing Development Finance Corporation (HDFC) sai

HDFC Bank set to meet reserve ratio requirements post merger: Report

The $40 billion merger, announced last April, is expected to conclude by July, HDFC Bank's Chief Financial Officer Srinivasan Vaidyanathan told analysts at a conference call on Saturday

Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless

Stocks to Watch today: Analysts expect Infosys to report muted quarter-on-quarter (QoQ) revenue growth between 0.1-0.7 per cent in constant currency (cc).

Mcap of 8 of top-10 firms climbs Rs 82,169 cr last week; HDFC twins sparkle

Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for 'Mahavir Jayanti' and on Friday (April 7) on account of 'Good Friday'. The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week. Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC's market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore. Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore. The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81

Global headwinds to slowdown GDP growth; India resilient: HDFC's Parekh

Global headwinds are likely to slow down India's GDP growth, but the country is more resilient than many large economies, HDFC chairman Deepak Parekh said on Saturday. India has enough tailwinds with political stability, vaccine security, food security, a robust domestic consumption-based economy, digitisation initiatives and a robust regulatory system for the financial sector, Parekh said at SPJIMR's Centre for Family Business and Entrepreneurship (CFBE) event. "India is not immune to the global shocks but has proved to be more resilient than many large economies. For sure, India's GDP growth will slow down because of global headwinds," he said. For startups, he said, "many investors still have plenty of dry powder for good, innovative ideas, but the days of cash burn and high valuations are behind us". Entrepreneurship in India has exploded because of the conducive startup environment in the country and India has the third largest number of startups after the US and China, Parekh

HDFC twins, economic data lifts markets, Sensex gains over 2,000 points

The expansion of India's services sector for the 20th straight month further boosted sentiment

HDFC Bank garners record Rs 1.5 trillion deposits in a quarter

This is the highest in a three-month period since merger announcement with HDFC Ltd

HDFC Ltd records 12% loan growth at Rs 9,340 cr in March quarter

Mortgage lender HDFC Ltd on Tuesday said it has reported a 11.6 per cent rise in loans at Rs 9,340 crore in the March quarter. The corporation had assigned (sold) loans amounting to Rs 8,367 crore in the year-ago period, HDFC Ltd said in a regulatory filing. Individual loans sold in the preceding 12 months were Rs 36,910 crore as against Rs 28,455 crore in the corresponding quarter of the previous year, it said. Gross income from dividend for the quarter ended on March 31, 2023 was Rs 207 crore as compared to Rs 128 crore, it said. During the quarter ended on March 31, 2023, it said, there was no sale of investments in subsidiary/associate companies.