HDFC Bank rises on planning to acquire stake in Borderless Softtech

HDFC Bank Ltd. | Bank - Private | BFSI | BSE: 500180 | NSE: HDFCBANK

23 Jun 2021 Evaluate

HDFC Bank is currently trading at Rs. 1485.65, up by 1.30 points or 0.09% from its previous closing of Rs. 1484.35 on the BSE.

The scrip opened at Rs. 1495.00 and has touched a high and low of Rs. 1495.00 and Rs. 1478.65 respectively. So far 50847 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1650.00 on 24-Feb-2021 and a 52 week low of Rs. 994.00 on 03-Aug-2020.

Last one week high and low of the scrip stood at Rs. 1507.95 and Rs. 1451.00 respectively. The current market cap of the company is Rs. 819633.53 crore.

The promoters holding in the company stood at 25.97%, while Institutions and Non-Institutions held 61.02% and 13.01% respectively.

HDFC Bank along with its subsidiary HDFC Securities are planning to pick up stake worth Rs 6.9 crore in backend software infrastructure development company Borderless Softtech. It has executed an agreement for subscribing 8,108 compulsory convertible cumulative preference shares (CCCPS) of face value of Rs 10 each of Borderless at a premium of Rs 606.60 directly for consideration of Rs 616.60 per piece.

Indirectly, its subsidiary HDFC Securities will acquire 1,03,989 optionally redeemable compulsory convertible cumulative preference shares (ORCCCPS) of Borderless at the same valuation. The acquisition will happen at a cash consideration of Rs 49,99,392 by HDFC Bank and Rs 6,41,19,617 by HDFC Securities.

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.

HDFC Bank Share Price

784.90 13.70 (1.78%)

04-May-2026 11:49 View Price Chart

Peers

Company Name	CMP
HDFC Bank	784.90
ICICI Bank	1277.90
Axis Bank	1278.65
Kotak Mahindra Bank	373.80
Indusind Bank	934.20
View more..

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