Shares of HDFC closed 0.5% lower, prior
to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7%
higher.
Housing Development Finance
Corporation Limited (HDFC) said on Tuesday that company will raise Rs 13,000 cr
to infuse capital into its banking arm HDFC Bank Ltd., by selling shares mainly
to subscribe to a preferential issue. Upto
Rs. 8500 cr of the funds raised will be utilized to subscribe to the
preferential allotment. The mortgage lender is also considering the acquisition
and resolution of stressed assets in the country’s real estate sector.
Shares of HDFC closed 0.5% lower, prior
to the announcement, in comparison to the benchmark BSE Sensex that closed 0.7%
higher.
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