HDFC twins merger: Here’s how HDFC Bank traded on Day 1 post amalgamation
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
housing finance
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HDFC chairman Deepak Parekh announces retirement ahead of merger
“It is my time to hang my boots with both anticipation and hope for the future," says Parekh in his last letter to HDFC’s shareholders.
PNB Housing Finance shares rise 2% on fundraising plan
The board of PNB Housing Finance has approved the issuance of non-convertible debentures aggregating up to ₹5,000 crore on a private placement basis.
Piramal Finance launches ‘Innovation Lab’ in Bengaluru; to hire 300 professionals
The Piramal Group company aims to have a team of over 300 professionals at the Innovation Lab in Bengaluru by the end of FY23.
This stock hits all-time high on robust Q1; more than doubles in 11 months
Continuing its gaining streak for the seventh straight session, the housing finance company rose 12.14% to hit a fresh life-time high of ₹159.3 on Tuesday
PNB Housing Finance share rises 2% on fund raising plans
The board of PNB Housing Finance on Tuesday approved the issuance of non-convertible debentures aggregating up to ₹2,000 crore on a private placement basis.
IIFL Finance shares surge 4% in bearish trade; here’s why
Shares of IIFL Finance gained 4.5% to ₹340.35 apiece on Monday amid a report that sovereign wealth fund ADIA is in talks to acquire a minority stake in IIFL Home Finance.
Housing finance giant HDFC to merge with HDFC Bank
Shareholders of HDFC will receive 42 shares of HDFC Bank for 25 shares held in HDFC.
Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
The Covid-19 impact on housing finance
Housing sector growth will be heavily impacted and is not likely to revive till the economy shows any sign of improvement. Stress in housing loans, particularly in affordable housing loans, will rise.
