Investor Presentation
Housing Development Finance Corporation
CONTENTS
- Who we Are
- Material Developments
- HDFC Snapshot
- Mortgage Market in India
- Operational and Financial Highlights: Mortgages
- Shareholding
- Financials: Standalone
- Key Subsidiaries and Associates
- Financials: Consolidated
- Environmental, Social & Governance & Other Initiatives
2
WHO WE ARE…
- Incorporated in 1977 as the first specialised mortgage company in India
- A financial conglomerate with interests beyond mortgages
- 68% shares held by foreign investors
*As at October 31, 2022
Market capitalisation*:
US$ 55 bn
20.9% | 48. 7% | 52.6% | 49.9% | |||||||||||
Market capitalisation*: | Market capitalisation*: | Market capitalisation*: | Ranks 2nd amongst | |||||||||||
US$ 103 bn | US$ 14 bn | US$ 5 bn | ||||||||||||
private players in | ||||||||||||||
ADRs listed on NYSE | Ranks amongst the top | Ranks amongst the top | ||||||||||||
general insurance | ||||||||||||||
3 life insurers | 3 AMCs with total AUM | |||||||||||||
of US$ 53 bn | ||||||||||||||
100% | 100% | 88.2% | ||||||||||||
Financial services distribution | India's first dedicated | Property funds: of which | ||||||||||||
company | education loan company with | US$ 3 bn is committed for | ||||||||||||
Sources half of | outstanding loan book of | development of affordable | ||||||||||||
US$ 1.5 bn | housing | |||||||||||||
HDFC's home loans | ||||||||||||||
3
MATERIAL DEVELOPMENTS
MATERIAL DEVELOPMENTS
Proposed Transformational Combination of HDFC with HDFC Bank
- On April 4, 2022, the Board of Directors of HDFC and HDFC Bank at their respective meetings, approved a composite Scheme of Amalgamation (Scheme) for:
- The amalgamation of HDFC's wholly owned subsidiaries, HDFC Investments Limited and HDFC Holdings Limited, with and into HDFC; and
- HDFC with and into HDFC Bank
- Subsidiaries/associates of HDFC Limited will become subsidiaries/associates of HDFC Bank
- Shareholders of HDFC as on the record date will receive 42 shares of HDFC Bank (FV Re. 1 each) for 25 shares of HDFC (FV Rs. 2 each)
- HDFC's shareholding in HDFC Bank will be extinguished upon the Scheme becoming effective
- Post the above, HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC will own 41% of HDFC Bank
- Till date, the stock exchanges (NSE & BSE), Pension Fund Regulatory and Development Authority, SEBI and RBI have accorded "no objection" for the above scheme
- On October 14, 2022, the National Company Law Tribunal (NCLT) passed an order for the Corporation to convene a meeting of the shareholders on November 25, 2022
- This is to seek the approval of shareholders to the Scheme of Amalgamation
- The merger proposal is subject to various statutory and regulatory approvals
5
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HDFC - Housing Development Finance Corporation Limited published this content on 10 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 10:16:01 UTC.