The HDFC Bank stock corrected by over 2 per cent after global investment firm KKR sold shares of the bank at a price band of Rs 2,219-2,287. At the lower end, this works to about 3 per cent discount to Tuesday’s closing price of Rs 2,287 apiece.
Therefore, experts say Wednesday’s stock action seen with respect to HDFC Bank was more of a reflection to KKR’s sale price. . Meanwhile, the bank is also in the process of raising Rs 50,000 crore of capital through a mix of debt instruments, over the next 12 months. While details of the fund infusion aren’t ...
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