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HDFC to raise $1.75 billion from investors including GIC, KKR

Reuters  |  MUMBAI 

MUMBAI (Reuters) - India's Housing Development Finance Corp Ltd plans to raise about 111 billion rupees ($1.75 billion) from a preferential share sale to investors including affiliates of Singapore state investor GIC and private equity KKR & Co. LP.A committee of directors of the mortgage lender on Saturday approved selling 64.3 million shares at 1726.05 rupees a piece to the investors, according to a stock exchange filing.HDFC shares closed at 1760.95 rupees on Friday.Separately, HDFC will also sell shares to institutional investors through a so-called Qualified Institutions Placement to ...

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