HDFC Bank allots 1,35,82,000 equity shares to HDFC at Rs.1013.49

HDFC Bank Ltd has announced that the Bank has allotted 1,35,82,000 equity shares of the face value of Rs 10/- each for cash at a premium of Rs 1013.49 per share, to Housing Development Finance Corporation Ltd ("HDFC Ltd") on preferential basis, pursuant to SEBI (Disclosure & Investor Protection) Guidelines, 2000.

Consequent to above preferential allotment of equity shares, the Bank has raised an amount of Rs 13,90,10,41,180/- of which Rs 13,58,20,000 are towards share capital and Rs 13,76,52,21,180/- are towards share premium.

The stock closed the day at Rs.1147, up by Rs.54.75 or 5.01%. The stock hit an intraday high of Rs.1147.90 and low of Rs.1092.10. The total traded quantity was 69805 compared to 2 week average of 83940.

Source : Equity Bulls

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