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Friday, Jul 12, 2002

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HDFC Securities launches `Dial A Share' service in Delhi

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NEW DELHI: HDFC Securities Limited, a stock broking company promoted by the HDFC group with equity participation from HDFC, HDFC Bank and Chase Capital Partners of the US, on Thursday launched `Dial A Share' service in the National Capital Region. The company had launched this facility in Chennai few days back.

The `Dial A Share' service will enable retail investors to place buy and sell orders to HDFC Securities over a toll free telephone number which will connect the investor to the company's trading desk in Mumbai and trades will be carried out on NSE.

Briefing reporters about the new product, Mr Sunil Shah, Managing Director, HDFC Securities, said that the uniqueness of this service is that the entire transaction is taken care of by one single phone call if the clients have a simultaneous account with the HDFC Bank and its depository. HSFC Securities intends to extend this facility to 16 more cities in the coming months.

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