Housing Development Finance Corporation Limited

Equities

500010

INE001A01036

HDFC Plans to Invest INR 1,000 Million per Year in Tech Startups

January 28, 2020 at 03:51 am EST

Housing Development Finance Corporation Limited (BSE:500010) is mulling to invest up to INR 1,000 million per year in technology startups, its Chairman Deepak Parekh said on January 28, 2020. HDFC will install a dedicated team understanding the startup ecosystem to do the investments, he said. "At the last board meet, I took an idea of investing INR 1,000 million per year in startups," Parekh said, speaking at the annual Tiecon event here.

Latest news about Housing Development Finance Corporation Limited

Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V., and Infinity Partners completed the acquisition of a majority stake in HDFC Credila Financial Services Limited from Housing Development Finance Corporation Limited for approximately INR 95.5 billion.	Mar. 18	CI
Indian Equities End Lower on Friday as Central Bank Tightens Norms on Consumer Loans	Nov. 17	MT
India's LTIMindtree misses Q1 profit view as clients cut spending	23-07-17	RE
India's HDFC Bank posts 30% jump in Q1 standalone net profit	23-07-17	RE
Weak demand for State Bank of India perpetual bonds as investors seek higher returns	23-07-13	RE
Housing Development Finance Corporation Limited(NSEI:HDFC) dropped from FTSE All-World Index	23-07-13	CI
Housing Development Finance Corporation Limited(BSE:500010) dropped from S&P Global BMI Index	23-07-13	CI
Housing Development Finance Corporation Limited(NSEI:HDFC) dropped from Nifty 50	23-07-12	CI
India's HDFC Bank to be added to MSCI Global indexes from July 13	23-07-07	RE
Indian Equities Close Flat Midweek, Weighed Down by Profit Booking	23-07-05	MT
INDIA STOCKS-Indian shares muted on weak global cues; financials slip	23-07-05	RE
HDFC Bank says merged loan book with HDFC at $273.8 bln as of June end	23-07-04	RE
LTIMindtree to replace HDFC in India's Nifty 50 index on July 13	23-07-04	RE
India's IDFC First Bank slips, IDFC hits record high after merger approval	23-07-04	RE
IDFC First Bank to merge with IDFC	23-07-03	RE
India's HDFC Bank at record high post HDFC-merger, among world's top 10 banks by value	23-07-03	RE
INDIA STOCKS-India's Nifty 50, Sensex rally continues on financials push	23-07-03	RE
Indian shares set to open higher on positive global cues	23-07-02	RE
HDFC to merge into HDFC Bank on July 1, create India’s financial behemoth	23-06-30	RE
Housing Development Finance Acquires 5.5% Stake in Xanadu Realty	23-06-29	MT
HDFC Bank Limited completed the scheme of amalgamation to acquire Housing Development Finance Corporation Limited, in a merger of equals transaction.	23-06-29	CI
Housing Development Finance Corporation Limited acquired 5.46% stake in Xanadu Realty Private Limited for INR 250 million.	23-06-28	CI
INDIA STOCKS-Indian shares hit record highs; Nifty closes a notch below 19,000	23-06-28	RE
Indian insurers await classification of HDFC bonds post-merger; assess impact on holdings	23-06-28	RE
Housing Development Finance Chairman to Retire After Merger with HDFC Bank	23-06-28	MT

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Company Profile

Housing Development Finance Corporation (HDFC) specializes in real estate loan. Net sales (including intragroup) break down by activity as follows: - real estate loan (45.7%): INR 66.2 billion of granted loans in 2018/19; - life insurance (39%); - non life insurance (12.3%); - asset management (2.3%); - other (0.7%).

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