HDFC Bank plans to raise Rs 10,000 cr via issuing of fresh shares
Country’s second largest private sector lender HDFC Bank on Monday said it is planning to raise Rs 10,000 crore from the market over the next one year. The bank has got nod from the board of directors to sell fresh equity shares in both domestic and foreign markets. “The proposed issue is to be made by creating, issuing, offering in the course of one or more public or private offerings in domestic or one or more international markets, equity shares and/or equity shares through depository receipts and/or securities convertible into equity shares at the option of the Bank and/or the holders of such securities, and/or securities linked to equity shares and/or any instrument or securities representing equity shares and/or convertible securities linked to equity shares,” said HDFC Bank in a filing to Bombay Stock Exchange. The issue is proposed to be completed within a period of one year from the date of Shareholders approval, it said. The issue of capital is subject to the applicable laws, SEBI regulations and approvals of Reserve Bank of India and other regulatory authorities.
Country’s second largest private sector lender HDFC Bank on Monday said it is planning to raise Rs 10,000 crore from the market over the next one year. The bank has got nod from the board of directors to sell fresh equity shares in both domestic and foreign markets. “The proposed issue is to be made by creating, issuing, offering in the course of one or more public or private offerings in domestic or one or more international markets, equity shares and/or equity shares through depository receipts and/or securities convertible into equity shares at the option of the Bank and/or the holders of such securities, and/or securities linked to equity shares and/or any instrument or securities representing equity shares and/or convertible securities linked to equity shares,” said HDFC Bank in a filing to Bombay Stock Exchange. The issue is proposed to be completed within a period of one year from the date of Shareholders approval, it said. The issue of capital is subject to the applicable laws, SEBI regulations and approvals of Reserve Bank of India and other regulatory authorities.
