According to Deepak Parekh, Chairman, HDFC Ltd., all regulatory approvals have been taken and the board of both entities will meet on June 30, after market hours to approve the merger.
HDFC says the proceeds would go towards financing affordable housing loans; facility priced at a margin of 90 bps over a secured overnight financing rate
HDFC Ltd chairman Deepak Parekh in a webinar on Tuesday urged real estate developers to sell off their unsold inventory and focus on completing pending projects, rather than new launches.
HDFC Bank informed analysts in a management call that it had shortlisted global and internal candidates to take over from managing director Aditya Puri whose tenure ends in October.