1. HDFC approves amalgamation of 5 subsidiaries into itself

HDFC approves amalgamation of 5 subsidiaries into itself

Mortgage lender HDFC Ltd today cleared the merger of five subsidiaries with itself, subject to various regulatory approvals.

By: | New Delhi | Published: July 28, 2016 8:09 AM
HDFC All these companies are wholly owned subsidiaries of the HDFC, it said. (Reuters)

Mortgage lender HDFC Ltd today cleared the merger of five subsidiaries with itself, subject to various regulatory approvals.

HDFC has granted in-principle approval for the amalgamation of Grandeur Properties, Haddock Properties, Winchester Properties, Pentagram Properties and Windermere Properties into itself, the company said in a statement.

All these companies are wholly owned subsidiaries of the HDFC, it said.

The said amalgamation is subject to various regulatory approvals as applicable, it said.

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