Housing Development Finance Corporation (HDFC) has concluded the sale of 47,75,241 equity shares of Re 1 each, representing 24.48% of the equity capital of Good Host Spaces (Good Host) to Baskin Lake Investments, at a price of Rs 452.71 per equity share, aggregating to a consideration of Rs 216.18 crore. Post sale, Good Host has ceased to be an associate of the Corporation.
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.
