Dewan Housing Finance Corporation’s subsidiary - First Blue Home Finance has received an approval from the High Court of Delhi for amalgamation of First Blue Home Finance and DHFL Holding with Dewan Housing Finance Corporation.
The High Court of Delhi has sanctioned the Scheme of Amalgamation, on January 04, 2013. Certified true copy of the order of the High Court of Delhi is awaited. The company had already received similar approval in respect of amalgamation of First Blue Home Finance and DHFL Holdings with Dewan Housing Finance Corporation from the Bombay High Court vide its order dated July 27, 2012 and the company had already filed the same with the Registrar of Companies, Mumbai.
DHFL and First Blue Home Finance are engaged in business of housing finance while, DHPL is an investment firm. DHFL indirectly holds 67.56% in First Blue through its wholly-owned subsidiary DHPL.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 581.30 |
| Housing & Urban Dev. | 232.30 |
| Bajaj Housing Financ | 87.55 |
| Piramal Finance | 2017.85 |
| PNB Housing Finance | 1090.90 |
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