Housing Development Finance Corporation (HDFC) has acquired 1,38,664 equity shares of Rs 10 each of HDFC Capital Advisors (HCAL), its subsidiary, representing 6.49% of the paid-up share capital of HCAL, from some of its employees. The said shares that have been acquired from the employees, were allotted to them pursuant to exercise of stock options. Post the said acquisition, the Corporation would hold 19,01,305 equity shares of Rs 10 each of HCAL representing 88.99% of its paid-up share capital.
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.
