HOUSING DEVELOPMENT FINANCE CORP.LTD. - Clarification from Housing Development Finance Corporation Ltd

The Exchange had sought clarification from Housing Development Finance Corporation Ltd with respect to the news article in the Media (The Times of India - July 21, 2014) that "HDFC,HDFC Bank merger buzz restarts".<br/><br/>Housing Development Finance Corporation Ltd has replied as under:<br/><br/>"The media reports are incorrect and no such proposal has been considered by the Board of Directors of the Corporation in the matter."