Multiple choice

Gruh Finance Ltd is a subsidiary of

  1. HDFC

  2. LIC Housing Finance

  3. Canfin Homes

  4. GIC Housing Finance
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Gruh Finance Limited was a housing finance company that was a subsidiary of HDFC (Housing Development Finance Corporation). HDFC acquired Gruh Finance in 2019 through a merger scheme, making it a wholly-owned subsidiary. This was part of HDFC's strategy to consolidate its housing finance business and expand its presence in the affordable housing segment.

Keep practicing — related questions