HDFC Bank to raise Rs 24,000 crore through sale of shares to fund growth

Last Updated: December 20, 2017

Free Current Affairs to Your Email
HDFC Bank to raise Rs 24,000 crore through sale of shares to fund growth
20 December 2017 Current Affairs: Banking Affairs HDFC Bank its board had given nod to raise Rs 24,000 crore through a preferential issue of shares to its promoter HDFC Ltd and by issuing shares and depository receipts to fund the bank's growth plans.
The general meeting on February 19 to seek approval of its shareholders. "For this purpose, the board has authorized a special committee to decide terms and conditions," said the statement. According to the bank's fundraising plan, around Rs 8,500 crore worth of shares of the face value of Rs 2 each will be issued to mortgage lender and promoter HDFC Bank.

Daily Current Affairs 2019



Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Download Current Affairs PDF

Current Affairs 2019 August

August 21
News Quiz
August 20
News Quiz
August 19
News Quiz
August 18
News Quiz

Current Affairs 2019 July

July 31
News Quiz
July 30
News Quiz
July 29
News Quiz
July 28
News Quiz

Current Affairs 2019 June

June 30
News Quiz
June 29
News Quiz
June 28
News Quiz
June 27
News Quiz

BUY Current Affairs 2019 PDF + GET 2018 Current Affairs PDF for FREE
BUY NOW
Mock Test Series @ Rs.25 Only
Buy Now