HDFC Bank raises Rs 15,151 cr from domestic, overseas mkt

NEW DELHI: Private sector lender HDFC Bank has raised Rs 15,151 crore from home and foreign institutional traders.

The money has been raised through a mix of certified institutions placement (QIP) within the home market and American Depository Receipts (ADRs) in the US market.


In phrases of QIP, the financial institution allocated over 1.28 crore shares at a topic price of Rs 2,160 apiece, aggregating to Rs 2,775 crore, the financial institution stated.


The remainder of the capital has been raised by means of issuing 1,75,00,000 ADRs to JP Morgan Chase Bank NA, it stated.


"Pursuant to the QIP and the ADR offering the paid up equity share capital of the bank stands increased to Rs 5,41.72 crore consisting of 2,70,86,01,906 equity shares," HDFC Bank stated.


Stock of the financial institution closed zero.39 in keeping with cent down at Rs 2,121 on BSE today.
HDFC Bank raises Rs 15,151 cr from domestic, overseas mkt HDFC Bank raises Rs 15,151 cr from domestic, overseas mkt Reviewed by kailash soni on August 04, 2018 Rating: 5
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