HDFC Bank has raised Rs 8,500 crore by issuing over 3.9 crore shares on preferential basis to its parent HDFC. The share allotment committee of the bank at its meeting held on July 17, 2018 has allotted 3,90,96,817 share to HDFC at an issue price of Rs 2,174.09 per equity share aggregating to Rs 84,99,99,98,871.53.
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.
