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Housing Development Finance Corporation inches up on planning to raise up to Rs 2,000 crore

Housing Development Finance Corporation is currently trading at Rs. 2573.90, up by 13.10 points or 0.51% from its previous closing of Rs. 2560.80 on the BSE.

The scrip opened at Rs. 2573.00 and has touched a high and low of Rs. 2581.85 and Rs. 2567.00 respectively. So far 4191 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2895.35 on 16-Feb-2021 and a 52 week low of Rs. 1623.00 on 24-Sep-2020.

Last one week high and low of the scrip stood at Rs. 2635.00 and Rs. 2536.00 respectively. The current market cap of the company is Rs. 462385.25 crore.

The Institutions and Non-Institutions held 88.91% and 10.88% stake respectively in the company.

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 2,000 crore by issuing debt securities on a private placement basis to augment its long-term resources. The secured redeemable non-convertible debentures for an issue size of Rs 2,000 crore will be open for bid on June 14, 2021 and closes on the same day.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

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