New Delhi: Housing Development Finance Corporation (HDFC) said that 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 housing finance major has raised Rs 3,693 crore through an issue of non-convertible debentures (NCDs). It has also allotted 1.7 crore warrants at an issue price of Rs 180 per warrant, aggregating to around Rs 307 crore under the QIP issue, according to its 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.
HDFC said it has issued 5.68 crore equity shares at an issue price of Rs 1,760, aggregating up to Rs 10,000 crore.
Among those who were allotted more than 5 percent of the securities offered in the QIP issue are Government of Singapore at 13.37 percent (75.96 lakh shares) and Invesco Oppenheimer Developing Markets Fund 5.54 percent (31.48 lakh shares).
