HDFC Ltd. said on Tuesday, that it has raised Rs.10,000 crore capital by issuance of shares to qualified investors. The housing finance major has also raised Rs.3,693 crore through Non-Convertible Debentures (NCDs).
The sum of Rs.10,000 crore is raised by 5,68,18,181 equity shares at an issue price of Rs.1,760. The securities offered in the QIP issue to those who have allowed more than 5% including the Government of Singapore with 7,596,457 shares at 13.37% and Invesco Oppenheimer Developing Markets Fund with 3,148,882 shares at 5.54%.
It has also issued 36,930 secured redeemable non-convertible debentures (NCDs) having face value of Rs.10 lakh each due on August 11, 2023, with a coupon rate of 5.40% payable annually, which will aggregate Rs.3,693. Some allottees of NCDs were ICICI Bank, Axis Bank, Kotak Mahindra, Morgan Stanley Asia (Singapore) PTE and JM Financial Products Ltd.
It has also issued a total warrant of 1,70,57,400 at an issue price of Rs.180 per warrant subscribed by SBI Blue Chip Fund, Kotak Balanced Advantage Fund and Financial Services, Reliance Ventures Ltd., ICICI Prudential Banking. The share price of HDFC is traded up by 1.61% at Rs.1827.60 apiece on BSE in pre-close