After ICICI, HDFC Bank now plans $1 bn equity offering

Discussion in 'General Business' started by anthonyn, May 19, 2007.

  1. #1
    First it was ICICI Bank, now its HDFC Bank. It has been decided to take the stock market route – domestic, international or both – to mobilize additional funds. On Thursday, 17th May, HDFC Bank, listed on BSE, NSE and New York Stock Exchange, said its board had approved a capital raising program to mop up$1 billion or Rs.4,200 crore. Whichever is higher, to meet growing business demands and changing regulatory requirements.
     
    anthonyn, May 19, 2007 IP