HDFC raises Rs1,894 crore via QIP to global investors
The HDFC board has approved and declared closure of the qualified institutional placement (QIP) issue
New Delhi: Housing finance major HDFC on Monday said it has raised Rs1,893.92 crore through an issue of shares to global institutional investors.
The board has approved and declared closure of the qualified institutional placement (QIP) issue on Monday, HDFC said in a filing to stock exchanges.
It also determined and approved issue of 1.03 crore shares of face value Rs2 each at an issue price of Rs1,825 including a share premium of Rs1,823 per unit to be allotted to eligible investors, it said.
The issue received a good response from the wide range of investors, it added.
Editor's Picks »
- Why Indian paint makers are shifting to water-based paints
- 2019 elections still some time away but defence stocks get the jitters
- Complan and Horlicks on sale signals low energy in health drinks market
- With fall of the last dove, MPC minutes portend more than one RBI rate hike
- RITES IPO ticks the valuations box, but not the growth one