Country’s largest private sector lender HDFC Bank plans to raise Rs 50,000 crore in the next one year by issuing bonds on a private placement basis. The decision in this regard was taken in the meeting of the board of directors of the bank.
HDFC Bank said in the information given to the stock exchanges, “It is proposed to raise a total amount of Rs 50,000 crore on the basis of private placement in the next 12 months.” The board of directors will consider this proposal in the meeting to be held on April 16, 2022. Will do
Meanwhile, both HDFC shares fell for the second consecutive day on Wednesday amid profit-booking and closed three per cent lower. Shares of HDFC Bank closed at Rs 1,550.80, down 3.51 per cent on the BSE. In the day’s trading, it had fallen by 3.65 percent to the level of Rs 1,548.45.
Similarly, shares of home loan company HDFC closed 3.26 per cent lower at Rs 2,536.50. In the day’s trade, it had fallen by 3.50 percent to Rs 2,530.
Earlier on Monday, shares of HDFC and HDFC Bank saw heavy buying after the announcement of their proposed merger and both the shares closed with gains of around 10 per cent.