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Housing Development Finance Corporation (HDFC) said that profit on sale of investments was Rs 263 crore in Q1 FY22 as compared with Rs 1,241 crore in Q1 FY21. The profit on sale of investments was on account of the corporation s entire stake sale in its associate company, Good Host Spaces (Rs 54 crore) and part stake sale of HDFC ERGO General Insurance Company (Rs 209 crore). As at 30 June 2021, HDFC s equity shareholding in HDFC ERGO General Insurance Company stood at 49.98%. Gross income from dividend for the quarter ended 30 June 2021 was Rs 16 crore as against Rs 298 crore in the corresponding quarter last fiscal. HDFC said that during the quarter ended 30 June 2021, the corporation assigned loans to HDFC Bank amounting to Rs 5,489 crore compared to Rs 1,376 crore in the corresponding quarter of the previous year. The loans were assigned as per the buyback option embedded in the home loan arrangement between the corporation and HDFC Bank.

Insurance companyInsurance company rsHousing development finance corporationGood host spacesCapital marketகாப்பீடு நிறுவனம்காப்பீடு நிறுவனம் ர்ச்வீட்டுவசதி வளர்ச்சி நிதி நிறுவனம்நல்ல தொகுப்பாளர் இடைவெளிகள்மூலதனம் சந்தை