Shares of HDFC Bank will remain in focus, as its board will meet on Wednesday to consider fund-raising plans. Among the proposals are an issue of equity shares or depository receipts and other securities, including through qualified institutional placement. The board may also consider a preferential issue to Housing Development Finance Corp (the promoter). Shareholders of HDFC will closely monitor the quantum and the mode of fund-raising.

(This article was published on December 19, 2017)
Post Comment

Get more of your favourite news delivered to your inbox

Please enter your email. Thank You.
Newsletter has been successfully subscribed.