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HDFC to acquire 41% stake in Credila

Housing Development Finance Corporation Limited has informed the NSE that the Corporation had agreed to acquire approximately 41% in the fully diluted equity share capital of Credila Financial Services Pvt. Limited (Credila) from DSP Merrill Lynch Capital Limited, subject to compliance with applicable regulations. In this connection, today HDFC has subscribed to an additional 40,28,000 equity shares of Rs. 10/- each of Credila for cash at par aggregating to Rs. 4.03 crore. […]

DCHL may have sold its entire stake in the Hyderabad IPL team

Shares of Deccan Chronicle Holdings jumped on the buzz that it has sold its entire stake in the Hyderabad IPL team, Deccan Chargers, for USD 300 million. The sudden spurt in the stock was witnessed amid media reports that the company has sold 100 per cent stake in Deccan Chargers, the franchise that represents Hyderabad in the Indian Premier League, for USD 300 million. […]