HDFC Bank’s subsidiary -- HDFC Capital Advisors (HCAL) has entered into a Share Subscription Agreement for acquisition of 1,043 Equity Shares of Truboard Technologies which post allotment, would entitle HCAL to 8.5% of the equity share capital of TruBoard on a fully diluted basis.
Investment in TruBoard is proposed to be made by HCAL under its H@ART initiative programme to invest in technology companies for the benefit of the real estate ecosystem. A binding share subscription agreement in relation to such proposed investment has been entered into by HCAL on May 30, 2024. The said acquisition is expected to be completed till June 7, 2024.
HDFC Bank is one of India’s premier banks providing a widerange of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
