Housing Development Finance Corporation (HDFC) has invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management (KIFML) representing 9.90 percent of its share capital issued on a private placement basis. The cost of acquisition is at par, that is at the face value of Rs 10 per share and the acquisition is expected to be completed in one month.
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.
