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Housing Development Finance Corporation Ltd (HDFC.BO)

HDFC.BO on Bombay Stock Exchange

1,280.05INR
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Rs14.60 (+1.15%)
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Rs1,265.45
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Rs1,270.00
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Latest Key Developments (Source: Significant Developments)

Standard Life comments on strategic combination involving HDFC Life
Monday, 14 Nov 2016 02:00am EST 

Standard Life Plc : Further notes that HDFC Life believes that scheme of arrangement as submitted to IRDAI is in compliance with all applicable laws . Possible strategic combination involving HDFC Life .Notes announcement by HDFC that IRDAI has expressed reservations regarding accepting scheme of amalgamation in its current form.  Full Article

Housing Development Finance Corp Sept-qtr profit up about 14 pct
Wednesday, 26 Oct 2016 05:21am EDT 

Housing Development Finance Corporation Ltd : Sept quarter PAT 18.27 billion rupees . Consensus forecast for Sept quarter profit was 18.06 billion rupees . Sept quarter income from operations 80.63 billion rupees . Net profit in sept quarter last year was 16.05 billion rupees; income from operations was 73.60 billion rupees . Debt equity ratio as on Sept 30, 2016 is 6.88 .The profit alert was first sourced from TV and later confirmed from a company press release at the NSE.  Full Article

HDFC exec says Max Life merger expected to be completed within 12 months
Monday, 8 Aug 2016 09:15am EDT 

: HDFC exec says expects Max Life merger to be completed within 12 months ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

Relative valuation of HDFC Life, Max life would be 69 pct and 31 pct in merger - statement
Monday, 8 Aug 2016 09:00am EDT 

Max Financial Services Ltd and HDFC Ltd : Relative valuation of HDFC Life and Max life would be 69 percent and 31 percent in merger - statement . Life promoter to get a non compete fee - statement . HDFC Life can use Max brand for seven years - statement . Life shareholders to get one share of Max Financial Services for every 4.98 shares held - statement . For Life business merger with HDFC Life Max Financial shareholders to get 2.33 shares of HDFC Life for each share held - statement . HDFC Ltd to hold 42.5 percent of HDFC Life after deal closure with Max life - statement . Further company coverage [MAXI.NS] ((Bangalore.newsroom@thomsonreuters.com)).  Full Article

India Cements says HDFC sells entire 6.36 pct stake in co
Tuesday, 2 Aug 2016 01:59am EDT 

India Cements Ltd : Housing Development Finance Corp dissolves 6.36 percent stake in co between July 28 and August 1 .  Full Article

Housing Development Finance Corp June-qtr profit up about 37 pct
Wednesday, 27 Jul 2016 05:16am EDT 

Housing Development Finance Corporation Ltd : June-quarter net profit after tax 18.71 billion rupees . June-quarter total income 83.82 billion rupees . Consensus forecast for June-quarter profit was 17.54 billion rupees . Net profit after tax in June quarter last year was 13.61 billion rupees; total income was 70.19 billion rupees . Board granted approval for issuance of secured redeemable NCDs worth INR 350 billion on private placement basis . Board approved composite scheme of amalgamation for merger of 5 units with co . Amalgamation has no material impact on finances of co .  Full Article

HDFC says talks to takeover Max Life could continue for 2 months
Friday, 17 Jun 2016 09:00am EDT 

: HDFC exec says does not foresee need for open offer in Max Life takeover . HDFC exec says Max Life takeover will give opportunity for automatic listing of HDFC Life . HDFC exec says talks to takeover Max Life could continue for 2 months . HDFC exec says expects to complete whole process of taking over Max Life in 12 months . HDFC Life exec says aim is to retain top management on both sides after Max Life takeover ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Standard Life notes India JV deal talks, says no certainty on deal
Friday, 17 Jun 2016 03:09am EDT 

Standard Life Plc : Says notes announcement today that HDFC Standard Life Insurance Company, Max Life Insurance Company and Max Financial Services have entered into a confidentiality, exclusivity and standstill agreement to evaluate a possible merger between those parties. .Says any deal subject to board, shareholder, regulatory, court, other approvals. No certainty a deal will proceed. Will update market at appropriate time..  Full Article

Max Financial to evaluate merger of Max Life and Max Financial into HDFC Life
Friday, 17 Jun 2016 02:34am EDT 

Max Financial Services Ltd : Approved agreement to evaluate potential combination via merger of Max Life Insurance and Max Financial Services into HDFC Standard Life .  Full Article

Housing Development Finance Corp says HDFC Ergo to buy L&T General Insurance for 5.51 bln rupees
Friday, 3 Jun 2016 07:40am EDT 

Housing Development Finance Corporation Ltd : Housing development finance corp - hdfc ergo to acquire l&t general insurance for 5.51 billion rupees .  Full Article

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Standard Life's Indian deal faces opposition by local regulators

British insurer Standard Life said on Monday that India's insurance watchdog had "expressed reservations" in accepting the current deal terms for the purchase by its Indian joint venture of Max Life Insurance.