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Housing Development Finance Corporation to raise Rs 13000 crore

Capital Market 

Through preferential issue and issue

Corporation announced that the at its meeting held on 13 January 2018 has approved the following -

Issuance of 6,43,29,882 equity shares of 2 each of the Corporation on a preferential basis at a price of 1726.05 per share aggregating 11,103.66 crore.

Issuance of such number of equity shares shares of face value of Rs 2 each of the Corporation through such that the total amount to be raised shall not exceed Rs 1896 crore, subject to approval of shareholders.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, January 13 2018. 12:34 IST