HDFC rises as its arm concludes sale of 12.47% stake in Xpedize Venture
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Housing Development Finance Corporation (HDFC) is currently trading at Rs. 2240.50, up by 8.45 points or 0.38 % from its previous closing of Rs. 2232.05 on the BSE.
The scrip opened at Rs. 2238.00 and has touched a high and low of Rs. 2253.00 and Rs. 2218.00 respectively. So far 21875 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3021.10 on 15-Nov-2021 and a 52 week low of Rs. 2046.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 2299.00 and Rs. 2046.30 respectively. The current market cap of the company is Rs. 403541.98 crore.
The Institutions holding in the company stood at 88.87%, while Institutions and Non-Institutions held 88.87 % and 11.13 % respectively.
Housing Development Finance Corporation’s (HDFC) wholly-owned subsidiary -- HDFC Capital Advisors (HCAL) has concluded the sale of 1,805 equity shares of Xpedize Venture (Xpedize), representing 12.47% of its paid-up capital to SIC, a US based entity, for a total consideration of $980,806 (equivalent to around Rs 7.49 crore).
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.
