Housing Development Finance Corporation (HDFC) has completed the acquisition of 97,500 equity shares of Rs 10 each of HDFC Venture Capital (HVCL) representing 19.50% of its paid-up equity share capital, from State Bank of India, at a consideration of Rs 9,75,000. Pursuant to the above acquisition, HVCL has become a wholly owned subsidiary of the company.
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.
