HDFC acquires stake in Credila

13 November 2009

HDFC - Agreement to acquire stake in HDFC Credila Ltd.

November 13, 2009

Housing Development Finance Corporation Ltd (HDFC) has informed BSE that on November 13, 2009, the Corporation has agreed to acquire approximately 41% in the fully diluted equity share capital of HDFC Credila Financial Services Pvt. Ltd. from DSP Merrill Lynch Capital Ltd., subject to compliance withapplicable regulations.

Source: Rediff Moneywiz