Housing Development Fin. Corp. Ltd. Updates for quarter ended June 30, 2019 (3644E)
03 July 2019 - 8:03PM
UK Regulatory
TIDM43FN
RNS Number : 3644E
Housing Development Fin. Corp. Ltd.
03 July 2019
Ref. No.: SE/2019-20/103
July 3, 2019
BSE Limited National Stock Exchange of India Limited
P. J. Towers Exchange Plaza, Plot No. C/1, G Block
Dalal Street Bandra-Kurla Complex
Mumbai 400 001 Bandra (East), Mumbai 400 051
Kind Attn: Sr. General Manager Kind Attn: Head - Listing
DCS - Listing Department
Dear Sirs,
Sub: Intimation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
In accordance with SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 and Code of Practices and
Procedures for Fair Disclosure of Unpublished Price Sensitive
Information in terms of Regulation 8 of SEBI (Prohibition of
Insider Trading) Regulations, 2015, we would like to intimate the
following:
1. During the quarter ended June 30, 2019, the profit on sale of
investments was ` 1,895 crore (Previous Year: nil). This was on
account of a part stake sale of equity shares in GRUH Finance
Limited (GRUH). As at June 30, 2019, HDFC's equity shareholding in
GRUH stood at 47.4%.
2. Income from dividend for the quarter ended June 30, 2019 was
` 1 crore compared to ` 586 crore in the previous year (which
included dividend from HDFC Bank and GRUH). In the current
financial year, dividend from HDFC Bank and GRUH will be received
in the second quarter, subject to shareholder approval.
3. Loans assigned:
o During the quarter ended June 30, 2019, the Corporation
assigned loans amounting to ` 7,230 crore compared to ` 9,714 crore
in the corresponding quarter of the previous year. All the loans
assigned during the quarter ended June 30, 2019 were to HDFC Bank
pursuant to the buyback option embedded in the home loan
arrangement between the Corporation and HDFC Bank.
o Loans sold in the preceding 12 months amounted to ` 22,666
crore (Previous Year - ` 13,245 crore).
Kindly note that all the figures are subject to limited review
by the statutory auditors of the Corporation.
We request you to bring the above to the notice of all
concerned.
Thank you.
Yours faithfully,
For Housing Development Finance Corporation Ltd.
Ajay Agarwal
Company Secretary
cc: London Stock Exchange,
10, Paternoster Square, London, EC4M 7LS
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END
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