HDFC has acquired 1,38,664 equity shares of Rs 10 each in HDFC Capital Advisors (HCAL), its subsidiary, from some of its employees, representing 6.49% of HCAL’s paid-up share capital. The shares acquired from the employees were allotted to them as a result of the exercise of stock options. Following the acquisition, the Corporation will own 19,01,305 equity shares of Rs 10 each in HCAL, representing 88.99% of the company’s paid-up share capital.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.