Housing Development Finance Corporation Limited (BSE:500010) entered into an agreement to acquire remaining 19.5% stake in HDFC Venture Capital Limited from State Bank of India (NSEI:SBIN) for INR 9.75 million on July 29, 2022. The consideration will be paid in cash. After the acquisition HVCL would become a wholly owned subsidiary of Housing Development Finance Corporation Limited (BSE:500010). For the Year ended March 31, 2022, HDFC Venture Capital Limited reported Revenue of INR 1.01 million. The acquisition is expected to be closed on August 12, 2022.

Housing Development Finance Corporation Limited (BSE:500010) completed acquisition of remaining 19.5% stake in HDFC Venture Capital Limited from State Bank of India (NSEI:SBIN) on August 4, 2022.