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HDFC Bank concludes acquisition of additional 42.75 lakh shares of HSL

16 Sep 2013 Evaluate

HDFC Bank has completed the acquisition of additional 4,275,000 equity shares of its subsidiary HDFC Securities (HSL) from an existing shareholder. With this acquisition the total shareholding of the bank in its subsidiary has increased from 62.06% to 89.88% of the paid-up capital of HSL.

The bank’s net profit for the first quarter rose by 30.09% at Rs 1843.86 crore as compared to Rs 1417.39 crore for the quarter ended June 30, 2012. Its total Income has increased by 17.95% to Rs 11588.56 crore for the quarter under review from Rs 9825.17 crore for the corresponding quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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