HDFC Bank approves issue of Rs. 50,000 crores

The Board of Directors of HDFC Bank Limited ("the Bank"), at its meeting held today, has approved the issuance of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long-Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of Rs. 50,000 crores over the period of next twelve months through private placement mode, subject to the approval of the shareholders of the Bank and any other regulatory approvals as may be applicable.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1693.30 as compared to the previous close of Rs. 1684.75. The total number of shares traded during the day was 165353 in over 6128 trades.

The stock hit an intraday high of Rs. 1697.00 and intraday low of 1677.70. The net turnover during the day was Rs. 279007694.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDB FundRaising