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HDFC Bank proposes to raise funds and make preferential issue to HDFC

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Capital Market
Last Updated : Dec 14 2017 | 8:16 PM IST

Board to consider proposal on 20 December 2017

HDFC Bank proposes to raise funds by issue of equity shares/ depository receipts and other securities including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs) program, preferential allotment or such other methods or combinations as may be decided, as well as a preferential issue to Housing Development Finance Corporation. The Board will consider the proposal on 20 December 2017.

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First Published: Dec 14 2017 | 8:00 PM IST

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