HD Parak set up the housing development finance corporation or HDFC in 1977. He wanted Indians to dream bigger, get them to believe that taking a loan to create a roof over their heads wasn't a bad thing. In today's episode, we talk about how 45 years later, HDFC bids goodbye to Telal Street.
On 12th July at 3:30 pm, the stock ticker HDFC flashed on the trading screens for one final time. After over four decades India’s first dedicated housing finance company had stopped trading on the stock exchanges.
Now we already wrote a story last year about why HDFC Ltd was merging with HDFC Bank and the implications of that. So we won’t get into that again. Rather, in today’s episode for 14th July 2023, we thought we’d rewind the clock a bit and see how the entity became a housing finance behemoth.
And just to be clear, this is not a paid post. We don’t do those here at Finshots. 🙂
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