HDFC to seek shareholders’ nod to raise Rs 85,000 crore
The mortgage lender will seek its shareholder’s nod at the Annual General Meeting which is scheduled on July 26, 2017.
The fund is to be raised by issuing redeemable non-convertible debentures or other hybrid instruments on a private placement basis for cash either at par or premium or at a discount to face value depending upon the prevailing market conditions.
The stock of the company on the NSE is trading Rs 1,664 per share at Rs 12.65 per share or 0.7% at 1025 hours. The stock has delivered 36% returns in a period of one year and has outperformed the BSE Sensex and Nifty Financial Services over the same time span.
Housing Development Finance Corporation Ltd is currently trading at Rs 1657.75, up by Rs 6.9 or 0.42% from its previous closing of Rs 1650.85 on the BSE.
The scrip opened at Rs 1651 and has touched a high and low of Rs 1666.65 and Rs 1651 respectively. So far 1276439(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 262530.96 crore.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1680.5 on 13-Jun-2017 and a 52 week low of Rs 1185 on 05-Dec-2016. Last one week high and low of the scrip stood at Rs 1660 and Rs 1616 respectively.
The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 87.77 % and 12.23 % respectively.
The stock is currently trading above its 50 DMA.
Housing Development Finance Corporation Ltd :-
BSE 1,658.05 7.20 (0.44%)
NSE 1,658.20 6.85 (0.41%)