HDFC Bank proposes to raise funds and make preferential issue to HDFC

Board to consider proposal on 20 December 2017

HDFC Bank proposes to raise funds by issue of equity shares/ depository receipts and other securities including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs) program, preferential allotment or such other methods or combinations as may be decided, as well as a preferential issue to Housing Development Finance Corporation. The Board will consider the proposal on 20 December 2017.

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