 "HDFC’s capital adequacy ratio (CAR) was 17.6 per cent, of which tier-I capital was 16.5 per cent and tier-II capital was 1.1 per cent, in financial year 2019-20 (FY20)")
Shares of HDFC gained 1.5 per cent to quote at Rs 1,804.85 on the BSE on Thursday after the mortage lender announced launch of its Rs 14,000 crore-Qualified Institutional Placement (QIP). The equity shares opened for subscription on Wednesday with a floor price of Rs 1,838.94 per share, which is at a 3.5 per cent premium of Wednesday's close of Rs 1,776.9 per share.
HDFC might offer a five per cent discount on the floor price, it said in a regulatory filing. Besides, the mortgage lender is also looking to raise Rs 9,000 crore through secured non-convertible debentures.
