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HDFC Bank hits new high on fund raising plans

The stock hit a new high of Rs 1,887, up 2.7% on the BSE, after the bank announced that its board will meet on Wednesday, December 20, 2017 to consider a proposal for raising of funds

HDFC Bank
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HDFC Bank branch office in Mumbai

SI Reporter Mumbai
HDFC Bank hit a new high of Rs 1,887, up 2.7% on the BSE, after the private sector lender announced that its board will meet on Wednesday, December 20, 2017 to consider a proposal for raising of funds.

The stock surpassed its previous high of Rs 1,876.95 touched on October 24, 2017 in intra-day trade.

A meeting of the board of directors of the Bank will be held on 20th December, 2017 to inter alia consider a proposal for raising of funds by issue of equity shares/ depository receipts and other securities including through Qualified Institutions Placement (QIP)/

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