Hdfc Bank (HDB) has released an update.
HDFC Bank Limited has announced its commitment to invest Rs. 17.32 crore for a 1.81% equity stake in Sewa Grih Rin Ltd (SGRL), an affordable housing finance company, pending regulatory approval and certain conditions. The investment will dilute HDFC Bank’s stake to 3.51% post the equity raise. This strategic financial investment is part of HDFC Bank’s ongoing business dealings and is not considered a related party transaction.
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