HDFC gains on executing definitive agreement to subscribe stake in Bonito Designs
Housing Development Finance Corporation is currently trading at Rs. 2729.80, up by 14.70 points or 0.54% from its previous closing of Rs. 2715.10 on the BSE.
The scrip opened at Rs. 2705.00 and has touched a high and low of Rs. 2734.00 and Rs. 2700.55 respectively. So far 6690 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2867.00 on 04-May-2023 and a 52 week low of Rs. 2133.45 on 01-Jul-2022.
Last one week high and low of the scrip stood at Rs. 2738.60 and Rs. 2632.00 respectively. The current market cap of the company is Rs. 502458.63 crore.
The Institutions holding in the company stood at 88.69%, while Non-Institutions held 11.31% stake in the company.
Housing Development Finance Corporation (HDFC) has executed definitive agreements for subscription of 6,068 equity shares of Bonito Designs (Bonito). While the shareholding of the Corporation translates to 3.86% of the total share capital of Bonito, it entitles the Corporation to 5.13% voting rights. The objective of acquisition is to financial investment.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
