Parekh signs off, head and dividend high

Deepak Parekh’s last annual general meeting (AGM) as the executive chairman of HDFC would be a memorable one for its shareholders, who have got 300 per cent dividend on their investments last year.

Deepak Parekh’s last annual general meeting (AGM) as the executive chairman of HDFC would be a memorable one for its shareholders, who have got 300 per cent dividend on their investments last year.

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Parekh would be stepping down as the company’s executive chairman in December, 2009 and would take up the post of non-executive chairman with HDFC. HDFC’s net profit rose 21 per cent to Rs 564.92 crore for the April-June quarter over last year.