HDFC to invest in Renaissance Investment Solutions ARC Private Limited

Housing Development Finance Corporation Ltd. (HDFC) has today entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited. The investment would result in holding of 4,98,750 equity shares of Rs. 10 each of representing 19.95% of its share capital for a total consideration of Rs. 49,87,500.

Renaissance Investment will undertake the business of asset reconstruction subject to receipt of approval from RBI.

Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.2217.65 as compared to the previous close of Rs. 2250.8. The total number of shares traded during the day was 826716 in over 14948 trades.

The stock hit an intraday high of Rs. 2272 and intraday low of 2211. The net turnover during the day was Rs. 1841578673.

Source : Equity Bulls

Keywords