Housing Development Finance Corporation (HDFC) has completed sale of 2,35,019 equity shares of Rs 10 each of HDFC Capital Advisors (HCAL) representing 10% of its fully diluted paid-up share capital, to a wholly owned subsidiary of Abu Dhabi Investment Authority, at a price of Rs 7,841.49 per equity share, aggregating to a consideration of Rs 184.29 crore. Pursuant to the above sale, HCAL has ceased to be a wholly owned subsidiary however continues to be a subsidiary 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.
