HDFC Approves Amalgamation Of Five Subsidiaries


New Delhi: Mortgage lender HDFC Ltd on Wednesday cleared the merger of five subsidiaries with itself, subject to various regulatory approvals.

HDFC has granted in-principle approval for the amalgamation of Grandeur Properties, Haddock Properties, Winchester Properties, Pentagram Properties and Windermere Properties into itself, the company said in a statement.

All these companies are HDFC’s wholly-owned subsidiaries, it said.

The said amalgamation is subject to various regulatory approvals as applicable, it said.