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    500010   INE001A01036

HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED

(500010)
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End-of-day quote Bombay Stock Exchange  -  05-23
2207.55 INR   +1.63%
07:06aIndian Indices Close in Red; Divi's Laboratories Slides 6%
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05/22Housing Development Finance to Raise $1.54 Billion Via Issue of Bonds
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05/16HDFC and HDFC life have acquired an unknown minority stake in Xanadu Realty Private Limited.
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India's HDFC Capital raises $1.8 billion from ADIA, others for low-cost housing

01/23/2022 | 05:02am EDT
FILE PHOTO: HDFC Bank chairman Parekh speaks during interview with Reuters in Mumbai

NEW DELHI (Reuters) - India's HDFC Capital, a private equity investment manager, said on Sunday it has raised $1.8 billion from investors, lead by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), for its third low-cost housing fund.

This includes an upfront amount of $1.2 billion with an additional $600 million committed towards reinvestment of the principal amount, the company said in a statement.

HDFC Capital Affordable Real Estate Fund 3 will provide long-term finance to develop about 280 million square feet of affordable and mid-income housing projects across India. It will also invest in low-cost housing-related technology companies, it said.

A unit of lender Housing Development and Finance Corporation (HDFC) Ltd, HDFC Capital has a long-term plan to fund the development of one million affordable homes in India, in line with Prime Minister Narendra Modi's 'Housing for All' campaign.

"In India, housing will play an even more important role as a catalyst for growth," said Deepak Parekh, chairman of HDFC Ltd, in the statement.

Together with its first two funds, in which ADIA has also invested, HDFC Capital has a $3 billion funding platform, making it one of the biggest in the world for affordable housing.

This builds on the success of previous funds, and addresses the significant demand for affordable housing in India, said Khadem AlRemeithi, executive director, real estate and infrastructure department, ADIA.

(Reporting by Aditi Shah; Editing by Raju Gopalakrishnan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
GLAXOSMITHKLINE PHARMACEUTICALS LIMITED -0.08% 1553.75 End-of-day quote.-11.74%
HDFC ASSET MANAGEMENT COMPANY LIMITED 0.14% 1705.5 Delayed Quote.-29.06%
HDFC LIFE INSURANCE COMPANY LIMITED 0.26% 552.65 End-of-day quote.-14.82%
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED 1.63% 2207.55 End-of-day quote.-14.66%
SIEMENS LIMITED -0.36% 2392 Delayed Quote.0.18%
All news about HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED
07:06aIndian Indices Close in Red; Divi's Laboratories Slides 6%
MT
05/22Housing Development Finance to Raise $1.54 Billion Via Issue of Bonds
MT
05/16HDFC and HDFC life have acquired an unknown minority stake in Xanadu Realty Private Lim..
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05/12Indian shares fall over 2%, rupee hits record low ahead of inflation data
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05/07India's HDFC raises home loan interest rate
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Financials
Sales 2022 206 B 2 662 M 2 662 M
Net income 2022 135 B 1 744 M 1 744 M
Net Debt 2022 - - -
P/E ratio 2022 30,6x
Yield 2022 1,12%
Capitalization 4 003 B 51 655 M 51 655 M
Capi. / Sales 2022 19,4x
Capi. / Sales 2023 16,7x
Nbr of Employees 3 226
Free-Float 99,1%
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Last Close Price 2 207,55
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Managers and Directors
Keki M. Mistry Vice Chairman & Managing Director
V. Srinivasa Rangan Executive Director & Chief Financial Officer
Deepak Shantilal Parekh Non-Independent Non-Executive Chairman
Dipta Bhanu Gupta Senior GM-Accounts & Information Technology
R. Arivazhagan Chief Information Technology Officer