CCI Grants Approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance
1 year, 5 months ago

CCI Grants Approval To HDFC's Stake Acquisition In HDFC Life Insurance And HDFC Ergo General Insurance

Live Law  

In a Press Release, the Competition Commission of India has given its approval for the proposed combination involving Housing Development Finance Corporation Limited acquiring additional shares of HDFC Life Insurance Company Limited and HDFC ERGO General Insurance Company Limited. HDFC Life is a life insurance company offering various life insurance and investment products registered with the Insurance Regulatory and Development Authority of India. In addition, HDFC ERGO offers customized insurance solutions such as property, rural, marine, trade credit, liability, and other specialized insurance products for corporate clients. The proposed combination entails HDFC Limited acquiring additional shares of HDFC Life and HDFC ERGO through on a spot delivery basis.

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History of this topic

Stocks to Watch: Adani stocks, Zomato, RVNL, CESC, HDFC Life, RITES, and more
4 weeks, 1 day ago

Stocks to Watch: Adani stocks, Zomato, RVNL, CESC, HDFC Life, RITES, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Rail Vikas Nigam Limited : RVNL has secured a Letter of Acceptance from Eastern Railway for a major infrastructure project involving earthwork, bridge construction, and railway track laying. HDFC Life Insurance Company: Private general insurer ICICI Lombard General Insurance has acquired a 0.19 percent equity stake …

HDFC Life Insurance Net Profit Soars 15% in Q2
2 months, 1 week ago

HDFC Life Insurance Net Profit Soars 15% in Q2

The Hindu  

HDFC Life Insurance Company Ltd. reported a significant increase in its standalone net profit in the second quarter of fiscal 2025. The net profit increased by 15%, reaching ₹433 crore. This is a 15% increase from the previous year's profit of ₹377 crore. The standalone net premium income also increased by 12.3%, reaching ₹16,570 crore. The company's total Assets Under …

HDFC Bank receives RBI approval to sell stake in HDFC Credila
9 months, 4 weeks ago

HDFC Bank receives RBI approval to sell stake in HDFC Credila

Live Mint  

HDFC Bank said that it has received approval from markets regulator Reserve Bank of India to offload 90 percent of HDFC Credila’s total issued and paid-up share capital. The company said in an exchange filing, “ This is in connection with our earlier intimation dated June 19, 2023, wherein we had informed that erstwhile Housing Development Finance Corporation Limited had …

HDFC Bank gets RBI nod to acquire up to 9.5% stake in ICICI Bank, 5 others
10 months, 2 weeks ago

HDFC Bank gets RBI nod to acquire up to 9.5% stake in ICICI Bank, 5 others

The Hindu  

HDFC Bank on Tuesday said RBI has given approval to the group to acquire up to 9.5 per cent stake each in six lenders, including ICICI Bank and Axis Bank. "The approvals were granted pursuant to applications made by HDFC Bank to RBI on December 18, 2023," HDFC Bank said in a regulatory filing. The six lenders in which HDFC …

LIC gets RBI nod to acquire 9.99% stake in HDFC Bank
10 months, 4 weeks ago

LIC gets RBI nod to acquire 9.99% stake in HDFC Bank

Hindustan Times  

HDFC Bank announced on Thursday that the Reserve Bank of India has allowed the Life Insurance Corporation of India to acquire a 9.99 percent stake in the company. LIC got the approval to acquire 9.99 percent stake in HDFC Bank “LIC has been advised by RBI to acquire the aforesaid major shareholding in the Bank within a period of one …

LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%
1 year ago

LIC reduces stake in HDFC Asset Management Company to 7% from 9.04%

Live Mint  

Life Insurance Corporation of India has decreased its shareholding in leading asset management firm HDFC Asset Management Company by buying additional shares via open market transactions. On Friday, LIC informed in a regulatory filing to the stock exchanges that it has decreased its shareholding in HDFC Asset Management Company from 1,93,11,744 to 1,48,44,466 equity shares. ‘’Pursuant to Regulation 30 of …

HDFC Life Insurance Company Q2 FY24 results: profit rise by 14.95% YOY
1 year, 2 months ago

HDFC Life Insurance Company Q2 FY24 results: profit rise by 14.95% YOY

Live Mint  

HDFC Life Insurance Company declared their Q2 FY24 results on 13 Oct, 2023. HDFC Life Insurance Company has delivered 0.05% return in the last 1 week, 17.45% return in the last 6 months, and 10.31% YTD return. Currently, the HDFC Life Insurance Company has a market cap of ₹134270.1 Cr and a 52wk high/low of ₹690.85 & ₹457.8 respectively. As …

HDFC Life Insurance Q1: Net profit rises 15% to ₹415 crore; check details
1 year, 5 months ago

HDFC Life Insurance Q1: Net profit rises 15% to ₹415 crore; check details

Live Mint  

HDFC Life Insurance on July 21 reported a net profit of ₹415 crore for the April-June quarter of FY24, up by 15 percent from ₹361 crore recorded in the year-ago period. The net premium income of the insurer came in at ₹11,479 crore, up 16.5 per cent in the first quarter of current fiscal, from ₹9,847 crore in the year-ago …

HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches
1 year, 5 months ago

HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches

The Hindu  

HDFC Bank Ltd., on July 1, said that the Composite Scheme of Amalgamation for the merger of HDFC Investments Limited and HDFC Holdings Limited, the wholly-owned subsidiaries of the Housing Development Finance Corporation Limited with and into HDFC Limited; and HDFC Limited, with and into HDFC Bank Limited has become effective from July 1, 2023 with the all the entities …

HDFC to merge with HDFC Bank today, biggest transaction in history of India Inc
1 year, 5 months ago

HDFC to merge with HDFC Bank today, biggest transaction in history of India Inc

Deccan Chronicle  

New Delhi: Housing finance major HDFC will merge with its subsidiary HDFC Bank on Saturday as their respective boards have cleared the proposal on Friday. The board has fixed July 12, 2023, for the transfer of non-convertible debentures while July 7 for the transfer of commercial papers of HDFC Ltd in the name of HDFC Bank. Termed as the biggest …

HDFC Ltd, HDFC Bank Ltd. boards approve merger
1 year, 5 months ago

HDFC Ltd, HDFC Bank Ltd. boards approve merger

The Hindu  

HDFC Bank Ltd. on Friday announced the completion of merger of Housing Development Finance Corporation Ltd. with itself, following the receipt of all requisite shareholder and regulatory approvals. Pursuant to the share exchange ratio as per the merger scheme, HDFC Bank will issue and allot to eligible shareholders 42 new equity shares of the face value of ₹ 1 each, …

HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks
1 year, 5 months ago

HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks

India TV News  

HDFC Bank-HDFC merger: The merger of the HDFC Bank and the Housing Development Finance Corp will be completed on July 1, making HDFC Bank one of the world's most valuable banks. According to HDFC Group Chairman Deepak Parekh, the boards of HDFC Bank and HDFC will schedule a meeting on June 30 after market hours. If a customer wants to …

Bulk deals: HDFC Life, Sapphire Foods, others exchange hands. Check details here
1 year, 5 months ago

Bulk deals: HDFC Life, Sapphire Foods, others exchange hands. Check details here

Live Mint  

Housing Development Finance Corporation on Tuesday increased its stake in its life insurance arm—HDFC Life Insurance. According to bulk deals data on NSE, HDFC on Tuesday bought 1,48,80,000 shares of HDFC Life Insurance at an average price of ₹667.10 per piece, valuing the deal at ₹993 crore. After getting approval from the Competition Commission of India to raise HDFC’s stake …

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger
1 year, 5 months ago

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger

Live Mint  

HDFC Bank-HDFC merger: NBFC giant HDFC on Tuesday clarified on media reports about the tentative dates for the completion of its merger with HDFC Bank. Many media reports took rounds referring to the press interaction of HDFC's chairman Deepak Parekh wherein the tentative effective date of the scheme was said as July 1, 2023, and the tentative 'record date' for …

Merger of HDFC with HDFC Bank effective from July 1, says Deepak Parekh
1 year, 5 months ago

Merger of HDFC with HDFC Bank effective from July 1, says Deepak Parekh

The Hindu  

The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on June 27. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Mr. Parekh told reporters in Mumbai. The merger of the corporation …

HDFC Life gets Rs 942-crore GST demand notice
1 year, 6 months ago

HDFC Life gets Rs 942-crore GST demand notice

India TV News  

HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. "HDFC Life Insurance Company has received a show cause cum demand notice from the Directorate General of GST Intelligence, Mumbai Zonal Unit asking the Company to show cause why a tax of Rs 942,18,46,028 pertaining to the period …

HDFC Bank to keep home loans as focus of growth strategy post merger
1 year, 6 months ago

HDFC Bank to keep home loans as focus of growth strategy post merger

The Hindu  

HDFC Bank Ltd. will keep home loans at the centre of its growth strategy after a merger with HDFC Ltd. is concluded, with such credit likely to make up nearly a third of the bank's portfolio going forward, two senior officials at the group said. The pace of growth in home loans will broadly mirror growth seen in HDFC's home …

Stocks to Watch: HDFC Bank, RIL, Airtel, LIC, Vedanta, LTTS
1 year, 7 months ago

Stocks to Watch: HDFC Bank, RIL, Airtel, LIC, Vedanta, LTTS

Live Mint  

Here are the top 10 stocks that could be in focus in today's trade: HDFC Bank: HDFC Bank on Monday announced that it to acquire a 20% or more stake in Griha Pte, a wholly-owned subsidiary of HDFC Investments, after it received regulatory clearance from the Monetary Authority of Singapore. L&T Technology Services: Life Insurance Corporation of India on 24 …

HDFC Life Launches Guaranteed Income Insurance Plan; Know Key Details Here
1 year, 9 months ago

HDFC Life Launches Guaranteed Income Insurance Plan; Know Key Details Here

News 18  

Private life insurer HDFC Life today announced the launch of HDFC Life Guaranteed Income Insurance Plan. HDFC Life Guaranteed Income Insurance Plan is a non-linked non-participating individual life insurance savings plan. As per the information provided by the company, the following benefits are part of the new product; The entry age for the plan ranges from 0 to 65 years …

HDFC-HDFC Bank merger gets a thumbs up from stock exchanges
2 years, 5 months ago

HDFC-HDFC Bank merger gets a thumbs up from stock exchanges

Live Mint  

HDFC Bank and parent HDFC inched closer to the merger process as stock exchanges give thumbs up to their amalgamation scheme. In their separate regulatory filing, HDFC Bank and HDFC said, "The Scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Competition Commission of India, Reserve Bank of India, the National Company Law Tribunal, …

Argus Partners Advises HDFC Limited In Their 10% Stake Sell In HDFC Capital Advisors To Abu Dhabi Investment Authority (ADIA)
2 years, 8 months ago

Argus Partners Advises HDFC Limited In Their 10% Stake Sell In HDFC Capital Advisors To Abu Dhabi Investment Authority (ADIA)

Live Law  

Argus Partners has advised HDFC Limited in inking the landmark deal wherein HDFC Limited has entered into an agreement to sell 10% of the fully diluted paid-up share capital of its wholly owned subsidiary, HDFC Capital Advisors, to an affiliate of the Abu Dhabi Investment Authority for around Rs. This deal marks the first instance where a sovereign wealth fund …

HDFC Bank, HDFC Stocks Slump Post Merger News; Brokerages See Robust Growth, Should You Buy?
2 years, 8 months ago

HDFC Bank, HDFC Stocks Slump Post Merger News; Brokerages See Robust Growth, Should You Buy?

News 18  

HDFC and HDFC Bank fell sharply for the third straight day after the announcement of merger deals. “The proposed transaction would create meaningful value for various stakeholders including respective shareholders, customers, employees, as the combined business would benefit from increased scale, comprehensive product offering, balance sheet resiliency and the ability to drive synergies across revenue opportunities, operating efficiencies and underwriting …

HDFC Bank, HDFC Ltd announce merger | What this means for customers, shareholders
2 years, 8 months ago

HDFC Bank, HDFC Ltd announce merger | What this means for customers, shareholders

India Today  

HDFC Bank, India's largest private lender, will merge with the country's largest housing finance company, Housing Development Finance Corporation or HDFC Ltd to create a financial services conglomerate, the companies said on Monday. HDFC, HDFC BANK MERGER As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Closing is expected …

HDFC Bank, HDFC Ltd share prices soar after merger announcement | Check latest
2 years, 8 months ago

HDFC Bank, HDFC Ltd share prices soar after merger announcement | Check latest

India Today  

HDFC Bank's share price jumped 10 per cent, while Housing Development Finance Corporation Ltd or HDFC Ltd share price soared 13 per cent in early morning trade on Monday. HDFC BANK SHARE PRICE HDFC Bank's share price on BSE is up by over 13 per cent to Rs 1712.45. You can check real-time share price at https://www.bseindia.com/stock-share-price/hdfc-bank-ltd/hdfcbank/500180/ HDFC LTD SHARE …

HDFC Life to take over Exide LIfe for Rs 6.7K cr
3 years, 3 months ago

HDFC Life to take over Exide LIfe for Rs 6.7K cr

Deccan Chronicle  

Mumbai: Private life insurer HDFC Life Insurance on Friday said it will fully acquire Exide Life Insurance for Rs 6,687 crore. As many as 8.7 crore shares of HDFC Life will be issued, at Rs 685 per share, to Exide Industries Ltd, the holding company of Exide Life. Once the share issue happens, Exide Industries will be on-boarded as a …

HDFC Life to acquire Exide Life for Rs 6,687 crore
3 years, 3 months ago

HDFC Life to acquire Exide Life for Rs 6,687 crore

India TV News  

HDFC Life Insurance Company Limited on Friday announced the acquisition of Exide Life Insurance Company Ltd from Exide Industries Ltd for Rs 6,687 crore. The total cost will be met by HDFC Life by issuing 8,70,22,222 shares on preferential basis at a price of Rs 685 per share to Exide Industries and a cash of about Rs 726 crore totaling …

HDFC Life joins hands with Yes Bank to sell insurance policies
4 years, 3 months ago

HDFC Life joins hands with Yes Bank to sell insurance policies

Live Mint  

HDFC Life Insurance on Tuesday said it has joined hands with corporate agency agreement with Yes Bank to offer a comprehensive bouquet of life insurance solutions to the bank's customers across the country. As part of the agreement, HDFC Life’s diverse range of life insurance products will be offered to the customers of Yes Bank through the bank’s branches spread …

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