Skip to main content

HDFC raises Rs 10,000 crore equity capital in QIP

 Besides, the corporation has raised Rs 3,693 crore through an issue of non-convertible debentures. It also allotted 1,70,57,400 warrants at an issue price of Rs 180 per warrant, aggregating to around Rs 307 crore under the QIP issue, according to a regulatory filing.

 

Housing finance major HDFC Ltd on Tuesday said it has raised Rs 10,000 crore equity capital by issuing shares to qualified investors, including Government of Singapore and Invesco Oppenheimer Developing Markets Fund.

Besides, the corporation has raised Rs 3,693 crore through an issue of non-convertible debentures. It also allotted 1,70,57,400 warrants at an issue price of Rs 180 per warrant, aggregating to around Rs 307 crore under the QIP issue, according to a regulatory filing.

"We wish to inform you that the committee of directors -QIP 2020 of the Corporation at its meeting held today approved the allotment of..securities to eligible qualified institutional buyers pursuant to the issue," HDFC said in a regulatory filing.

HDFC said it has issued 5,68,18,181 equity shares at an issue price of Rs 1,760, aggregating to Rs 10,000 crore.

Among those who were allotted more than 5 per cent of the securities offered in the QIP issue are Government of Singapore at 13.37 per cent (7,596,457 shares) and Invesco Oppenheimer Developing Markets Fund 5.54 per cent (3,148,882 shares).

Also, HDFC Ltd issued 36,930 secured redeemable non-convertible debentures of face value of Rs 10 lakh each due on August 11, 2023, at par aggregating Rs 3,693 crore carrying a coupon rate of 5.40 per cent payable annually, it added.

Axis Bank, ICICI Bank, Kotak Mahindra Bank, Morgan Stanley Asia (Singapore) PTE and JM Financial Products Ltd were among the allottees of the NCDs.

The mortgage lender also issued 1,70,57,400 warrants at an issue price of Rs 180 per warrant.


The warrant holders can exercise their right to exchange each warrant for one equity share at a price of Rs 2,165 per warrant at any time before the expiry of a period of 36 months or until August 10, 2023, it added.

Those who subscribed to the warrants included SBI Blue Chip Fund, ICICI Prudential Banking and Financial Services, Reliance Ventures Ltd, Kotak Balanced Advantage Fund.

"Pursuant to the allotment of equity shares, the paid-up share capital of the Corporation stands increased to Rs 358,28,53,976 consisting of 179,14,26,988 equity shares of Rs 2 each," HDFC said.

HDFC shares traded up by 1.61 percent at Rs 1827.60 apiece on BSE in preclose session.

Labels:

Comments

Post a Comment

Popular posts from this blog

Panacea Biotech shares hit 5% upper circuit after dengue vaccine completes phase I & II study

DengiAIl induced robust neutralising antibody responses against all the four dengue virus serotypes, the company has said in an exchange filing. Panacea Biotech share price hit 5 percent upper circuit on the BSE on September 24 after the company completed phases I and II study of its dengue vaccine candidate DengiAIl. "Panacea Biotec Ltd. is delighted to announce the successful completion of its Phase I/II study to evaluate the safety and immunogenicity of its vaccine, DengiAll, a single-dose liveattenuated tetravalent vaccine," the company said in an exchange filing. Live-attenuated vaccines contain weakened bacteria or viruses that trigger an immune response but do not cause disease. The company said DengiAIl induced robust neutralising antibody responses against all the four dengue virus serotypes. DengiAIl has been found to be safe and well-tolerated with no serious adverse effects, the company said. After a single-dose, more than 80 percent of the participants ...
Post a Comment
Read more

Check Chemcon Speciality Chemicals IPO allotment status in four simple steps

Equity shares will get credited into the accounts of eligible investors by September 30 and the listing of equity shares will be on October 1, 2020. Chemcon Speciality Chemicals, the manufacturer for pharmaceutical and oilfields industries, is expected to announce the basis of allotment early next week. As per the schedule provided by the company, the finalisation of the basis of the allotment will be done by September 28 and the initiation of refunds or unblocking of funds from ASBA account will take place on September 29. Equity shares will get credited to the accounts of eligible investors by September 30 and the listing will be on October The IPO comprised a fresh issue of Rs 165 crore and an offer for sale of Rs 153 crore by promoters. The company will utilise fresh issue proceeds for expansion of manufacturing facility, working capital requirements, and general corporate purposes. Chemcon manufactures specialised chemicals, such as Hexamethyldisilazane (HMDS) and Chloromethyl Iso...
Post a Comment
Read more

Taking Stock | Profit-booking pulls Nifty below 14,450; Sensex drops 549 points

  All the sectoral indices ended in the red with IT and PSU bank indices falling 2 percent each. The market remained under pressure on January 15 on the back of profit-booking across sectors amid weak global cues. At close, the Sensex was down 549.49 points or 1.11% at 49,034.67, and Nifty was down 161.90 points or 1.11% at 14,433.70. "The market witnessed profit-booking and following global trends. Nifty continues to resist 14,600 and has taken a dip towards 14,360. If the market closes below 14,380 levels, we might see a correction till the levels of 14,180-14,200. Momentum indicators like RSI, MACD are indicating a small correction in the markets," said Ashis Biswas, Head of Research at CapitalVia Global Research. All the sectoral indices ended in the red with IT and PSU bank falling 2 percent each. Broader markets performed in line with the main indices with BSE Midcap and Smallcap indices falling 1 percent each. Tech Mahindra, GAIL, HCL Tech, Wipro and ONGC...
Post a Comment
Read more