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HDFC Bank has raised USD 1.75 billion through overseas bonds to fund its business growth. HDFC Bank , acting through GIFT City Branch, has completed the issue of USD 1.75 billion in senior unsecured bonds, the bank said in a regulatory filing. The private sector lender has raised USD 500 million with notes carrying a coupon rate of 5.159 per cent and maturing in three years, while the remaining USD 1.25 billion five-year paper carries a coupon rate of 5.4 per cent, it said. These papers will be listed on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX) , it added.
The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2.74 lakh crore last week, in tandem with a bearish trend in equities, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex tanked 2,091.68 points, or 2.67 per cent, and the NSE Nifty declined 566.85 points, or 2.32 per cent. "Markets witnessed a weak and volatile week, with benchmark indices extending their losing streak as a sharp surge in crude oil prices and renewed geopolitical tensions weighed heavily on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Banking stocks emerged as the biggest drag following mixed Q1 FY27 earnings, while a risk-off environment and weakness in the rupee further curtailed buying interest, he added. From the top-10 pack, Hindustan Unilever emerged as the only winner. Those who faced erosion from their valuation were Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Servic
HDFC Mutual Fund has bought 9.37 lakh shares of multi-speciality hospital chain operator Jupiter Life Line Hospitals for Rs 139 crore through open market transactions, according to block deal on the BSE. Following the transaction, shares of Jupiter Life Line Hospitals on Thursday rose 2.53 per cent to trade at Rs 1,537.60 apiece on the exchange. HDFC Mutual Fund purchased 9.37 lakh equity shares in two tranches, representing a 1.43 per cent stake in Mumbai-based Jupiter Life Line Hospitals Ltd (JLHL), as per the data. The transaction was executed on Wednesday at an average price of Rs 1,483.50 apiece, taking the combined deal value to Rs 139 crore. Meanwhile, two public shareholders of JLHL -- Arvind Rao Kamini and Mitul Nitin Thakker -- sold an equal number of shares at the same price, according to BSE data. In a separate bulk deal on the BSE, Nippon India Mutual Fund (MF) bought 5 lakh shares of logistics company TCI Express from HDFC MF for over Rs 28 crore through open market