HDFC

Housing Development Finance Corporation Ltd. has informed the Exchange that: "The Corporation has agreed with Chubb Global Financial Services Corporation, U.S.A. (Chubb Global) to acquire 32,500,000 equity shares of Rs.10 each held by Chubb Global in HDFC Chubb General Insurance Company Limited (HCGICL) representing 26% of the paid up share capital of HCGICL, subject to receipt of requisite approvals. Consequent to the said acquisition, HCGICL would become a 100% subsidiary of the Corporation".

Housing Development Finance Corporation Ltd. has informed the Exchange that the Board approved sale of all shares held in the Corporation by Standard Life including those under the FDI route, to Citi Group subject to regulatory and other approvals.The Board further authorized the Chairman to issue a letter to FIPB granting the Corporation's consent for the said transfer. In the event the said transfer is approved by requisite regulatory authorities and completed, Citi Group may nominate a special director on the Corporation's Board to be appointed in terms of the Memorandum and Articles of th