In April, HDFC Financial institution and its dad or mum firm
(HDFC) received approvals from their respective boards for the proposed scheme of amalgamation.
“The Securities and Alternate Board of lndia (Sebi) has granted its in-principle approval for the change accountable for HDFC Property Ventures Restricted, a wholly-owned subsidiary of HDFC Ltd which is the funding supervisor of HDFC India Actual Property Fund III (HIREF III),” HDFC Ltd stated in a regulatory submitting on Wednesday.
Earlier this month, HDFC Financial institution acquired banking sector regulator RBI’s nod for the proposed merger.
On July 16, the Pension Fund Regulatory and Growth Authority (PFRDA) additionally permitted the merger proposal between the 2 monetary entities.
HDFC Ltd and HDFC Financial institution have acquired no adversarial observations/no objection from the inventory exchanges BSE and NSE for the deal.