HDFC Bank raises Rs.1405 crore

HDFC Bank Ltd has issued and allotted on a private placement basis Unsecured, Redeemable, Non-Convertible, Subordinated Lower Tier II Bonds for an amount aggregating Rs. 1405 Crores in the nature of Debentures towards Tier - II Capital.

The HDFC Bank stock was trading at Rs.677, down by Rs.2.35 or 0.35%. The stock hit an intraday high of Rs.682 and low of Rs.674.50.

The total traded quantity was 0.50 lakhs compared to 2 week average of 1.37 lakhs.

Source : Equity Bulls

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