Housing Development Finance Corporation’s (HDFC) wholly-owned subsidiary -- HDFC Holdings (HHL) has entered into an agreement to sell 2,12,121 equity shares of Rs 10 each of Kaizen Management Advisors (Kaizen), representing 17.50% of the total paid-up equity share capital of Kaizen. Post the proposed sale, HHL would not hold any share in Kaizen. The said divestment will be completed by March 31, 2023.
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.
