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HDFC Stock s AMAZING journey! From Undersubscribed IPO To Mammoth Firm - Lesser-Known Facts

In 1978, Housing Development Finance Corporation (HDFC) launched its initial public offering (IPO) of shares with a face value of Rs 100 each. Unfortunately, the issue was undersubscribed, and the stock listed below its issue price, according to The Economic Times report. However, fast forward to today, and HDFC has become one of the top 10 most valuable companies in India, Companies News, Times Now

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Former HDFC Chairman Deepak Parekh s 1978 Job Offer Letter Goes Viral; Do You Know What Was His Salary 45 Years Ago?

According to the offer letter, Parekh was offered a basic salary of Rs 3,500 plus Rs 500 as a fixed Dearness Allowance in 1978. Besides his salary, Deepak Parekh was also entitled to a 15 per cent Housing Rent Allowance and a 10 per cent City Compensatory Allowance.

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SPJIMR receives Rs 10 Crore commitment from alumnus Sunil Bhatia to fuel innovation and startup initiatives

Sunil Bhatia, an alumnus of the 1989 batch, has pledged Rs 10 crore ($1.4m) to the S.P. Jain Institute of Management and Research s Sunil Bhatia Start-up Hub. The facility will fund networking events, boot camps, workshops, contests and micro-grants to support entrepreneurship among first-time entrepreneurs at every stage from pre-incubation to acceleration. SPJIMRs equity-free FinTech accelerator FinNovate and its mentor network will also support the initiative s graduates.

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An era ends as HDFC shares stop trading on stock exchanges

HDFC’s growth story is also the story of India’s home loan market over decades. At one point, this company was the only home loan provider in India.

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HDFC Ltd stops trading on bourses; merged entity to start trading today

HDFC Ltd stops trading on bourses; merged entity to start trading today
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