HDFC Bank moves up on planning to raise funds
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HDFC Bank is currently trading at Rs. 1407.30, up by 7.00 points or 0.50% from its previous closing of Rs. 1400.30 on the BSE.
The scrip opened at Rs. 1401.00 and has touched a high and low of Rs. 1421.00 and Rs. 1392.55 respectively. So far 92233 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1650.00 on 24-Feb-2021 and a 52 week low of Rs. 826.00 on 19-May-2020.
Last one week high and low of the scrip stood at Rs. 1460.60 and Rs. 1353.10 respectively. The current market cap of the company is Rs. 775564.96 crore.
The promoters holding in the company stood at 25.97%, while Institutions and Non-Institutions held 61.02% and 13.01% respectively.
HDFC Bank is planning to raise funds by issuing Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (Financing of Infrastructure and Affordable Housing) up to total amount of Rs 50,000 crore over the period of the next twelve months through private placement mode. The Board of Directors would consider this proposal at its ensuing Board meeting to be held on April 17, 2021.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
