Housing Development Finance Corporation (HDFC) has sold 120,222 Non-Cumulative Non-Convertible Redeemable Preference shares of face value Rs 10 each of True North Corporate (True North) representing 28.01% of the paid-up share capital of True North. The total consideration for the sale of 1,20,222 Non -- Cumulative Non- Convertible Redeemable Preference shares is Rs 12,02,220.
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.
