 "HDFC raises Rs 18.94 billion via share sale to global investors")
Housing finance major HDFC today said it has raised Rs 18.93 billion through an issue of shares to global institutional investors.
The board has approved and declared closure of the qualified institutional placement (QIP) issue today, HDFC said in a filing to stock exchanges.
It also determined and approved issue of 10.3 million shares of face value Rs 2 each at an issue price of Rs 1,825 including a share premium of Rs 1,823 per unit to be allotted to eligible investors, it said.
The issue received a good response from the wide range of investors, it added.
The board has approved and declared closure of the qualified institutional placement (QIP) issue today, HDFC said in a filing to stock exchanges.
It also determined and approved issue of 10.3 million shares of face value Rs 2 each at an issue price of Rs 1,825 including a share premium of Rs 1,823 per unit to be allotted to eligible investors, it said.
The issue received a good response from the wide range of investors, it added.