HDFC Bank gains on raising Rs 5000 crore through bonds

HDFC Bank is currently trading at Rs. 1632.00, up by 1.30 points or 0.08% from its previous closing of Rs. 1630.70 on the BSE.

hdfc bank trades in green on the bourses

The scrip opened at Rs. 1620.00 and has touched a high and low of Rs. 1636.00 and Rs. 1609.00 respectively. So far 46159 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1721.85 on 04-Apr-2022 and a 52 week low of Rs. 1271.75 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1669.85 and Rs. 1609.00 respectively. The current market cap of the company is Rs. 909795.27 crore.

The promoters holding in the company stood at 25.64%, while Institutions and Non-Institutions held 59.65% and 14.70% respectively.

HDFC Bank has raised Rs 5000 crore through allotment of 5000, 7.84% Unsecured, Subordinated, Fully Paid-Up, Non-Convertible, Basel III Compliant Tier 2 Bonds having face value of Rs 100,00,000 each in the nature of debentures for augmenting Tier 2 capital and overall capital of the Bank, for strengthening its capital adequacy and for enhancing its long-term resources.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

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