HDFC raises Rs 1,894 cr via QIP to global investors

Housing finance major HDFC today said it has raised Rs 1,893.92 crore through an issue of shares to global institutional investors.

The board has approved and declared closure of the qualified institutional placement (QIP) issue today, HDFC said in a filing to stock exchanges.

It also determined and approved issue of 1.03 crore shares of face value Rs 2 each at an issue price of Rs 1,825 including a share premium of Rs 1,823 per unit to be allotted to eligible investors, it said.

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The issue received a good response from the wide range of investors, it added.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)