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HDFC Bank raises Rs 2,775 crore through QIP

03 Aug 2018 Evaluate

HDFC Bank has raised Rs 2,775 crore by issuing over 1.28 crore shares through qualified institutions placement (QIP). The share allotment committee of directors at its meeting held on August 2, 2018 approved the same.

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.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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