The valuation of the company was estimated to be up to $3 billion.
HDFC is currently assessing the offer and is anticipated to make a decision within the next few weeks.
According to a BSE filing, the parties to the proposed transaction, for which a legally binding memorandum of understanding had previously been signed, had "executed a Share Purchase Agreement and finalized the transaction."
These dealerships may be opened in the next 6 to 12 months.
Acquisition done for Rs 18.45 crore.
Vedanta is the parent company of Hindustan Zinc.
Floor price for the offer-for-sale set at Rs 2,450 per share.
DRHP to be filed in the next 12-18 months.
Reliance Industries and its partner BP Exploration (Alpha) Ltd (BPEAL) are set to conduct an e-auction on April 3.
The second company-owned store will also be opened in New Delhi shortly.