Mumbai: Lending major HDFC Bank plans to raise up to Rs 24,000 crore ($3.7 billion), subject to shareholder approvals.
According to the lender, the decision to raise funds aggregating up to Rs 24,000 crore was taken by its board of directors in a meeting held on Wednesday.
“... An amount up to a maximum of Rs 8,500 crore shall be through issuance of equity shares of face value of Rs 2 each of the bank pursuant to a preferential issue to Housing Development Finance Corporation Limited,” the lender said in a BSE filing. — IANS
Oman Observer is now on the WhatsApp channel. Click here
