HDFC in final stage of selling 4 large, stressed accounts before the merger

Ahead of the HDFC-HDFC Bank merger, the mortgage financier is trying to sell four large, stressed accounts, one of which is the Subhash Chandra-promoted Siti Networks

Ahead of the merger with its subsidiary bank, mortgage financier HDFC Ltd is in the final stages of selling four large distressed accounts to Assets Care and Reconstruction Enterprise (ACRE), a media report said on Thursday.

 

The four distressed accounts include Subhash Chandra-promoted Siti Networks.