HDFC Bank to raise INR 24,000 crore


HDFC Bank announced that the Board of Directors of the Bank, at their meeting held on 20th December, 2017, have approved raising of funds aggregating up to Rs.24,000 crore.

Of the INR 24,000 crore approved by the board, INR 8,500 crore would be coming from the parent, HDFC Ltd.

The rest will be raised through issuance of equity shares, QIP, ADR, and GDR (global depositary receipt).

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.