SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HDFC Bank rises on inking agreements to acquire stake in Mintoak

14 Dec 2022 Evaluate

HDFC Bank is currently trading at Rs. 1660.00, up by 11.65 points or 0.71% from its previous closing of Rs. 1648.35 on the BSE.

The scrip opened at Rs. 1651.55 and has touched a high and low of Rs. 1660.40 and Rs. 1649.40 respectively. So far 54963 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1721.85 on 04-Apr-2022 and a 52 week low of Rs. 1271.75 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 1660.40 and Rs. 1604.25 respectively. The current market cap of the company is Rs. 920584.68 crore.

The promoters holding in the company stood at 25.64%, while Institutions and Non-Institutions held 59.65% and 14.70% respectively.

HDFC Bank has executed agreements on December 13, 2022 to subscribe to 21,471 fully paid up Compulsory Convertible Preference Shares (CCPS) of face value of Rs 20 each at a premium of Rs 9,711 for an aggregate consideration of Rs 9,731 per CCPS to be issued by Mintoak Innovations (Mintoak) and to purchase 10,538 fully paid up Equity Shares of face value of Rs 10 each at a premium of Rs 9,721 for an aggregate consideration of Rs 9,731 per Equity Share from certain existing shareholders of Mintoak (Transaction).

Since the shareholding of the Bank in Mintoak post completion of the Transaction would be below 10% of the total share capital of Mintoak on a fully diluted basis, the Bank would not require regulatory approvals to proceed with the Transaction. The Transaction is likely to be completed by January 31, 2023 subject to completion of conditions precedent.

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

799.90 4.40 (0.55%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×