Last 1,066 INR
Change Today +13.20 / 1.25%
Volume 6.1M
HDFC On Other Exchanges
Symbol
Exchange
Natl India
As of 7:05 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

housing development finance (HDFC) Snapshot

Open
1,054
Previous Close
1,053
Day High
1,074
Day Low
1,049
52 Week High
08/14/14 - 1,151
52 Week Low
02/14/14 - 755.00
Market Cap
1.7T
Average Volume 10 Days
2.9M
EPS TTM
51.01
Shares Outstanding
1.6B
EX-Date
07/4/14
P/E TM
20.9x
Dividend
14.00
Dividend Yield
1.31%
Current Stock Chart for HOUSING DEVELOPMENT FINANCE (HDFC)

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housing development finance (HDFC) Details

Housing Development Finance Corporation Limited provides home loans and deposit products in India. The company accepts fixed deposits, such as monthly income plans, non-cumulative options, annual income plans, and cumulative options; and trust deposits. Its loan portfolio includes loans for the purchase or construction of houses; home improvement loans; home extension loans; short term bridging loans; plot loans; loans to professionals for non residential premises; loans against property; home loans for non-resident Indians; top up loans against the mortgage of the existing property; educational loans; and home loans in rural areas, as well as loans for agriculturists, dairy farmers, planters, and horticulturalists. In addition, the company offers property search services through operating a property portal, hdfcred.com; personalized services to individuals and corporates for buying, selling, or leasing residential/commercial properties; and advisory and consultancy services for fare market assessment of land, factory premises, warehouse, and residential flats. Further, it provides banking and asset management services; venture capital services; individual and group life insurance products; and general insurance products. Housing Development Finance Corporation Limited was founded in 1977 and is based in Mumbai, India.

1,956 Employees
Last Reported Date: 05/6/14
Founded in 1977

housing development finance (HDFC) Top Compensated Officers

Managing Director and Whole-Time Director
Total Annual Compensation: 14.7M
Vice Chairman and Chief Executive Officer
Total Annual Compensation: 16.1M
Chief Financial Officer, Executive Director a...
Total Annual Compensation: 9.3M
Compensation as of Fiscal Year 2014.

housing development finance (HDFC) Key Developments

HDFC May Sell Stake

Housing Development Finance Corporation Limited (BSE:500010) may sell its stake amongst speculation about the much-talked about merger with HDFC Bank Ltd. (BSE:500180). Analysts said there is limited scope for upsides in these stocks. "We are positive on the possible HDFC Bank - HDFC merger but see limited scope for stock price appreciation," said Kajal Gandhi, Assistant Vice President at ICICI Securities. UBS said foreign ownership limits could be a deterrent in such a stake sale process since total foreign holdings would be higher than permissible limits on merger. "To overcome this issue, HDFC could plan sponsored ADRs or stake sale to strategic investors for a part of its stake," said Vishal Goyal, analyst at UBS.

Piramal Enterprises To Reportedly Buy Infrastructure Leasing & Financial Services

Piramal Enterprises Limited (BSE:500302) is under negotiation to buy Infrastructure Leasing & Financial Services Limited and the specifics of the deal will be clearer in September 2014, The Economic Times reported citing four persons familiar with the talks. Piramal Enterprises Limited may buy out some Infrastructure Leasing & Financial Services Limited's stakeholders like Housing Development Finance Corporation Limited (BSE:500010), take over some of the assets like toll roads, or even weigh the possibility of a cash-less, but a more complex, transaction like a merger, according to persons familiar with the talks. Amarchand & Mangaldas & Suresh A Shroff & Co. is believed to be doing the due diligence. Ravi Parthasarathy, Chairman of IL&FS Investment Managers Limited said over telephone that there was no such move. A spokesperson for Piramal Enterprises Limited said, "As per company policy, we do not comment on market speculation."

Standard Life To Reportedly Increase Its Stake In HDFC Standard Life

Housing Development Finance Corporation Limited (BSE:500010) has begun negotiations to sell a part of its stake to Standard Life plc (LSE:SL.) in HDFC Standard Life Insurance Co., Ltd., moving lock-in-step with the government's moves to increase the foreign investment limits in the sector, reported Economic Times citing two people familiar with the matter. The people said that initial discussions are centered on an outcome that could see Housing Development Finance Corporation Limited, which owns a 72.37% stake in HDFC Standard Life, pocket around INR 45 billion - INR 50 billion from a sale-cumflotation exercise that will also allow the foreign partner to increase its ownership in the life insurance venture. One of the two peole said, "The two sides have already held one round of discussions and a second round is scheduled in London. A high-level team led by (HDFC vice-chairman) Keki Mistry will meet the senior management of Standard Life to decide the broad contours of the deal." The second source said that the initial discussions involved Standard Life increasing its holding in HDFC Standard Life to about 35% - 36% from 26% now. The first source said that Housing Development Finance was expecting an equity value of around INR 25 billion for the venture, assuming an embedded value - a key valuation metric for insurance firms that takes into account the number of policyholders and the premium it earned from them - of about INR 7 billion and a multiple of three and a half times that. The sources also said that a final valuation will be based on the recommendations of valuers that will be appointed by both parties and the talks will also acquire greater momentum immediately after Parliament approves the long pending Insurance Laws (Amendment) Bill that will allow foreign firms to own up to 49% of an Indian insurance company, up from 26% now. Representatives of Standard Life and Housing Development Finance declined to specifically comment on the likelihood of an impending transaction, which, if agreed soon, could be the precursor to many similar deals in the sector where foreign firms have been long waiting to increase their holdings in their Indian joint ventures. Steven Harley, Senior Media Manager at Standard Life, in response to queries from Economic Times said, "As we are awaiting clarity on the details of the proposal we are not in a position to offer any in-depth comment at this stage. We note with interest the recent development and look forward to the detail emerging, at which time we will consider our position and discuss the matter with our joint venture partners." A spokesperson for Housing Development Finance Corporation said, "We would like to state that there has been no action on this front."

 

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