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HDFC trades firm ahead of committee meeting for fund raising

The stock was trading 1% higher at Rs 1,756 on BSE ahead of committee meeting on January 13, 2018 to consider fund raising plans.

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SI Reporter Mumbai
Housing Development Finance Corporation (HDFC) was trading 1% higher at Rs 1,756 on BSE ahead of committee meeting on January 13, 2018 to consider fund raising plans.

“A meeting of the committee of directors of Corporation will be held on Saturday, January 13, 2018 to consider and approve, the details of preferential issue and qualified institutions placement (QIP), “HDFC said on January 10, 2018 in a regulatory filing.

The board of directors of HDFC at its meeting on December 19, 2017 gave approval for raising funds by issuing equity shares and/or other permissible securities of an amount not