Housing Development Finance Corporation to raise Rs 13000 crore
(12:34, 13 Jan 2018)
Housing Development Finance Corporation announced that the Committee of Directors at its meeting held on 13 January 2018 has approved the following -

Issuance of 6,43,29,882 equity shares of Rs 2 each of the Corporation on a preferential basis at a price of Rs 1726.05 per share aggregating Rs 11,103.66 crore.

Issuance of such number of equity shares shares of face value of Rs 2 each of the Corporation through Qualified Institutional Placement such that the total amount to be raised shall not exceed Rs 1896 crore, subject to approval of shareholders.

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