HDFC Bank informed exchanges that the board of directors today has approved raising of funds aggregating up to Rs.24,000 crore.
Of which, an amount up to a maximum of Rs 8,500 crore will be through issuance of equity shares of face value of Rs 2 each pursuant to a preferential issue to promoter Housing Development Finance Corporation, the bank said.
The balance will be raised through issuance of equity shares / convertible securities / depository receipts pursuant to a qualified institutions placement / American Depository Receipts / Global Depository Receipts, it added.
Of which, an amount up to a maximum of Rs 8,500 crore will be through issuance of equity shares of face value of Rs 2 each pursuant to a preferential issue to promoter Housing Development Finance Corporation, the bank said.
The balance will be raised through issuance of equity shares / convertible securities / depository receipts pursuant to a qualified institutions placement / American Depository Receipts / Global Depository Receipts, it added.
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