HDFC Bank raises Rs.3477 crores

HDFC Bank Ltd has issued Lower Tier II Bonds for an amount aggregating Rs. 3477 Crores on a private placement basis. The securities issued are Unsecured, Redeemable, Non-Convertible, Subordinated Bonds in the nature of Debentures towards Teir - II Capital.

The HDFC Bank Ltd. stock was trading at Rs.601.35, down by Rs.0.70 or 0.12%. The stock hit an intraday high of Rs.606.05 and low of Rs.600.

The total traded quantity was 9922 compared to 2 week average of 244094.

Source : Equity Bulls

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