Housing Development Finance Corporation

BPEA EQT led consortium to acquire HDFC Credila - India's largest non-bank education loan specialist, enabling academic studies for the country's growing young population

Retrieved on:

Tuesday, June 20, 2023

Headquartered in Mumbai, India, HDFC Credila is the country's first and largest dedicated education loan company, supporting tens of thousands of Indian students every year with tailored financing solutions for undergraduate and postgraduate studies.

Key Points:

Headquartered in Mumbai, India, HDFC Credila is the country's first and largest dedicated education loan company, supporting tens of thousands of Indian students every year with tailored financing solutions for undergraduate and postgraduate studies.
There is a growing demand for quality higher education among India's expanding middle class, which today makes up approximately a third of the country's 1.4 billion population.
The BPEA EQT led consortium will infuse INR 20 billion of primary capital in HDFC Credila to support its next phase of growth while maintaining the core focus on funding postgraduate studies for Indian students.
Looking ahead, BPEA EQT plans to accelerate HDFC Credila's digital transformation and invest significantly in the Company's continued growth."

BPEA EQT led consortium to acquire HDFC Credila - India's largest non-bank education loan specialist, enabling academic studies for the country's growing young population

Retrieved on:

Tuesday, June 20, 2023

Headquartered in Mumbai, India, HDFC Credila is the country's first and largest dedicated education loan company, supporting tens of thousands of Indian students every year with tailored financing solutions for undergraduate and postgraduate studies.

Key Points:

Headquartered in Mumbai, India, HDFC Credila is the country's first and largest dedicated education loan company, supporting tens of thousands of Indian students every year with tailored financing solutions for undergraduate and postgraduate studies.
There is a growing demand for quality higher education among India's expanding middle class, which today makes up approximately a third of the country's 1.4 billion population.
The BPEA EQT led consortium will infuse INR 20 billion of primary capital in HDFC Credila to support its next phase of growth while maintaining the core focus on funding postgraduate studies for Indian students.
Looking ahead, BPEA EQT plans to accelerate HDFC Credila's digital transformation and invest significantly in the Company's continued growth."

Residential Developers Market Size Expected To Reach Or Exceed $200 Billion In 2023

Retrieved on:

Thursday, February 23, 2023

PALM BEACH, Fla., Feb. 23, 2023 /PRNewswire/ -- Like many industries and markets, the residential real estate market was adversely affected by the pandemic. However, despite this disruption, the housing market is resilient with increasing homeownership in this sector. Industry reports actually see a rise in revenues through 2028. One such report from IBISWorld projects that the Housing Developers market size, measured by revenue, of the Housing Developers industry is expected to reach or exceed $202.7bn in 2023. It added that: "A rising homeownership rate indicates growing consumer preference toward purchasing property rather than renting, increasing demand and industry revenue. The homeownership rate will increase in 2023, representing a potential opportunity for the industry. The residential real estate market in the United States is expected to register a CAGR of over 5.77% during the forecast period. Furthermore, the COVID-19 impact was severe on the market. Despite the pandemic crisis, residential real estate in the country is in the recovery phase, as the sales in the country quickly bounced back to pre-pandemic levels." Another report from Mordor Intelligence added: "Since the start of the COVID-19 pandemic, the property market in the United States has been thriving. Many purchasers took advantage of the low-interest rates to restructure their mortgages, relocate, or take a step toward the American Dream by purchasing their first home. Owing to this, the number of home sales increased sharply…and has since stayed higher than before the pandemic. Prior to the pandemic, home prices had been on the rise, but with demand at an all-time high in 2020, the Freddie Mac House Price Index recorded a startling 11.3% increase." Active companies in the markets this week include Lennar Corporation (NYSE: LEN), Toll Brothers, Inc. (NYSE: TOL), International Land Alliance, Inc. (OTCQB: ILAL), KB Home (NYSE: KBH), PulteGroup, Inc. (NYSE: PHM).

Key Points:

PALM BEACH, Fla., Feb. 23, 2023 /PRNewswire/ -- Like many industries and markets, the residential real estate market was adversely affected by the pandemic.
One such report from IBISWorld projects that the Housing Developers market size, measured by revenue, of the Housing Developers industry is expected to reach or exceed $202.7bn in 2023.
The residential real estate market in the United States is expected to register a CAGR of over 5.77% during the forecast period.
Another report from Mordor Intelligence added: "Since the start of the COVID-19 pandemic, the property market in the United States has been thriving.

Residential Developers Market Size Expected To Reach Or Exceed $200 Billion In 2023

Retrieved on:

Thursday, February 23, 2023

PALM BEACH, Fla., Feb. 23, 2023 /PRNewswire/ -- Like many industries and markets, the residential real estate market was adversely affected by the pandemic. However, despite this disruption, the housing market is resilient with increasing homeownership in this sector. Industry reports actually see a rise in revenues through 2028. One such report from IBISWorld projects that the Housing Developers market size, measured by revenue, of the Housing Developers industry is expected to reach or exceed $202.7bn in 2023. It added that: "A rising homeownership rate indicates growing consumer preference toward purchasing property rather than renting, increasing demand and industry revenue. The homeownership rate will increase in 2023, representing a potential opportunity for the industry. The residential real estate market in the United States is expected to register a CAGR of over 5.77% during the forecast period. Furthermore, the COVID-19 impact was severe on the market. Despite the pandemic crisis, residential real estate in the country is in the recovery phase, as the sales in the country quickly bounced back to pre-pandemic levels." Another report from Mordor Intelligence added: "Since the start of the COVID-19 pandemic, the property market in the United States has been thriving. Many purchasers took advantage of the low-interest rates to restructure their mortgages, relocate, or take a step toward the American Dream by purchasing their first home. Owing to this, the number of home sales increased sharply…and has since stayed higher than before the pandemic. Prior to the pandemic, home prices had been on the rise, but with demand at an all-time high in 2020, the Freddie Mac House Price Index recorded a startling 11.3% increase." Active companies in the markets this week include Lennar Corporation (NYSE: LEN), Toll Brothers, Inc. (NYSE: TOL), International Land Alliance, Inc. (OTCQB: ILAL), KB Home (NYSE: KBH), PulteGroup, Inc. (NYSE: PHM).

Key Points:

PALM BEACH, Fla., Feb. 23, 2023 /PRNewswire/ -- Like many industries and markets, the residential real estate market was adversely affected by the pandemic.
One such report from IBISWorld projects that the Housing Developers market size, measured by revenue, of the Housing Developers industry is expected to reach or exceed $202.7bn in 2023.
The residential real estate market in the United States is expected to register a CAGR of over 5.77% during the forecast period.
Another report from Mordor Intelligence added: "Since the start of the COVID-19 pandemic, the property market in the United States has been thriving.

WNC Appoints Jacqueline Wiegleb as Assistant Vice President - Originations

Retrieved on:

Tuesday, July 19, 2022

Investment, University, Insurance, LIHTC, Industry, Compliance, Fortune 500, National Development Council (India), Review, Housing Development Finance Corporation, Johann Christian Wiegleb, University of Maine, WNC, Housing, Certification, National Development Council, Financial services

IRVINE, Calif., July 19, 2022 /PRNewswire/ -- WNC , a leading provider of investment, asset management and development services in the affordable housing industry, announced today that it has appointed Jacqueline Wiegleb as assistant vice president of originations, working with vice president of originations David Ciminelli on the company's southeast and northeast portfolios.

Key Points:

IRVINE, Calif., July 19, 2022 /PRNewswire/ -- WNC , a leading provider of investment, asset management and development services in the affordable housing industry, announced today that it has appointed Jacqueline Wiegleb as assistant vice president of originations, working with vice president of originations David Ciminelli on the company's southeast and northeast portfolios.
"Jackie has extensive experience in the real estate industry with an emphasis in all aspects of affordable housing transactions," said Anil Advani, executive vice president originations and finance.
"Her professional experience and certifications will make her a significant asset to WNC's originations team."
Prior to WNC she worked for a national tax credit syndicator as assistant vice president, account manager.

PureGold Reports First Quarter 2022 Financial and Operating Results

Retrieved on:

Tuesday, May 17, 2022

VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (PureGold or the Company), reports its first quarter 2022 summary financial and operating results.

Key Points:

VANCOUVER, British Columbia, May 17, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (PureGold or the Company), reports its first quarter 2022 summary financial and operating results.
The regulatory process to increase the permitted mill capacity to 1,000 tpd is well advanced, and expected to be completed in Q4 2022.
For the first quarter ended March 31, 2022, a total of 44,716 tonnes of ore were mined from the PureGold Mine, or an average of 497 tpd.
Mine operating loss of $23.4 million for the three months ended March 31, 2022.

KKR Invests in Shriram General Insurance

Retrieved on:

Monday, April 11, 2022

KKR, a leading global investment firm, and Shriram General Insurance Company (Shriram General Insurance, SGI or the Company), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.

Key Points:

KKR, a leading global investment firm, and Shriram General Insurance Company (Shriram General Insurance, SGI or the Company), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.
KKRs investment will position Shriram General Insurance for continued growth in Indias fast-growing general insurance industry.
View the full release here: https://www.businesswire.com/news/home/20220411005340/en/
Founded in 2008, Shriram General Insurance is a joint venture between Shriram Capital, the holding company for Shriram Groups financial services business and Sanlam Limited, a leading pan-African financial services group.
Shriram General Insurance is a Jaipur-based 13-year-old company licensed with the IRDAI (Insurance Regulatory and Development Authority of India).

Capital Impact Partners Expands Equitable Development Initiative to Increase the Development Capacity of Developers of Color Across the San Francisco Bay Area

Retrieved on:

Wednesday, September 22, 2021

This initiative is modeled after the successful program that Capital Impact launched in Detroit in 2018, and expanded into the Washington Metro area in 2019.

Key Points:

This initiative is modeled after the successful program that Capital Impact launched in Detroit in 2018, and expanded into the Washington Metro area in 2019.
As we are doing in Detroit and the Washington Metro area, our EDI program will begin to build a more equitable real estate development ecosystem here in the Bay Area."
A market analysis of the Bay Area region conducted by Capital Impact Partners further underscored the need for this program.
Headquartered in Arlington, VA, Capital Impact Partners operates nationally, with local offices in Austin, TX, Detroit, MI, New York, NY, and Oakland, CA.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against HDFC Bank Limited (HDB)

Retrieved on:

Friday, October 30, 2020

Legal, Professional services, NIFTY 50, BSE SENSEX, Financial markets, HDFC Bank, Depositary receipts, Equity securities, Finance, American depositary receipt, HDFC, Corporate finance, Housing Development Finance Corporation, HDFC International Life and Re

The Law Offices of Frank R. Cruz reminds investors of the upcoming November 2, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased HDFC Bank Limited ("HDFC Bank" or the "Company") (NYSE: HDB ) securities between July 31, 2019 and July 10, 2020, inclusive (the Class Period).

Key Points:

The Law Offices of Frank R. Cruz reminds investors of the upcoming November 2, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased HDFC Bank Limited ("HDFC Bank" or the "Company") (NYSE: HDB ) securities between July 31, 2019 and July 10, 2020, inclusive (the Class Period).
On this news, HDFC Bank's American depositary receipt price fell $1.37 per share, or nearly 3%, to close at $47.02 per share on July 13, 2020, thereby injuring investors.
If you purchased or otherwise acquired HDFC Bank securities during the Class Period, you may move the Court no later than November 2, 2020 to request appointment as lead plaintiff in this putative class action lawsuit.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.

ROSEN, RECOGNIZED INVESTOR COUNSEL, Reminds HDFC Bank Limited Investors of Important Deadline in Securities Class Action – HDB

Retrieved on:

Saturday, October 17, 2020

Stock market, Financial markets, NIFTY 50, BSE SENSEX, Finance, HDFC Bank, Securities Class Action, Security, Securities regulation in the United States, HDFC International Life and Re, Housing Development Finance Corporation

NEW YORK, Oct. 17, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of HDFC Bank Limited (NYSE: HDB) between July 31, 2019 and July 10, 2020, inclusive (the Class Period), of the important November 2, 2020 lead plaintiff deadline in securities class action.

Key Points:

NEW YORK, Oct. 17, 2020 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of HDFC Bank Limited (NYSE: HDB) between July 31, 2019 and July 10, 2020, inclusive (the Class Period), of the important November 2, 2020 lead plaintiff deadline in securities class action.
The lawsuit seeks to recover damages for HDFC Bank investors under the federal securities laws.
To join the HDFC Bank class action, go to http:// w ww.rosenlegal.com/cases-register-1922.html or call Phillip Kim, Esq.
1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.