Name of Entity

Background

Holding % as at

March 31, 2024

HDB Financial Services Limited (“HDBFSL”)

A non-deposit taking non-banking finance company

95.2

HDFC Securities

Limited

(“HSL”)

Offers trading facilities in a range of equity, fixed income and derivative products to its clients

95.4

HDFC Life Insurance Company

Limited (“HLIC”)

Lender of long-term life insurance solutions provider in India, offering a range of individual and group insurance solutions

50.4

HDFC Asset Management Company

Limited (“HAMC”)

Investment manager to HDFC Mutual Fund

52.5

HDFC Sales

Private Limited

Strengthens the marketing and sales efforts by providing a dedicated sales force to sell home loans and other financial products, including public deposits

100.0

HDFC Capital Advisors

Limited

Acts as an Investment Manager for Category II Alternative Investment Funds registered with Securities and Exchange Board of India

89.0

HDFC Trustee

Company Limited

It provides Trusteeship services to HDFC Mutual Fund

100.0

Griha Investments

Acts as investment manager to HIREF International LLC (the “Fund”) and its Special Purpose Vehicles

100.0

Griha Pte

Limited

Private Equity Fund Manager specializing in Real Estate Private Equity Investments in India. It is registered with the Monetary Authority of Singapore as a Fund Management Company

100.0

HDFC Education

and

Development Services Private Limited

(“HEADS”)

The company is in the business of providing education management and consulting services. As directed by the RBI in connection with the Transaction, HEADS is expected to be fully divested no later than July 1, 2025

100.0