HDFC Bank board of directors will consider the proposal at its meeting on April 17, 2021.
HDFC Bank shares edged higher in a weak market after the private sector bank announced plans to raise funds up to Rs 50,000 crore over the period of twelve months. The money will be raised by issuing perpetual debt instruments (part of additional Tier I capital), Tier II capital bonds and long-term bonds through private placement mode, the bank said in a regulatory filing to the stock exchanges.
Promoted
The Board of Directors will consider the proposal at its board meeting scheduled on April 17, 2021.
The BSE Sensex was trading at 48,232.50, weaker by 315.55 points or 0.64 per cent and the NSE Nifty was at 14,421.35, down 82.35 points or 0.56 per cent at the time.
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Top gainers today: HDFC, Axis, ICICI Bank, Bajaj Finance, Coal India, SBI, L&T rise up to 5%
Top stocks that rose the most on February 24: Private lenders HDFC, Axis and ICICI Bank were among top gainers on BSE Sensex on the back of government s move to lift the embargo on the grant of GOI business to private banks
BusinessToday.In | February 24, 2021 | Updated 22:20 IST
HDFC, Axis and ICICI Bank were among top gainers on BSE today
Indian benchmark indices, Sensex and Nifty, ended higher on Wednesday on the back of strong buying across banking stocks, propelled by Centre s move to lift the embargo on granting government business to private lenders. While Sensex surged 1,030 points to settle at 50,781, Nifty gained 274.20 points to close at 14,982. Banking stocks were among top gainers on BSE Sensex pack after Finance Minister Nirmala Sitharaman announced that the government has lifted the embargo on grant of government businesses to private banks.
Here are the top stocks that are likely to be in focus today:
Reliance Industries: The company, in a late night filing, said that it has begun the process of carving out the O2C business into an independent subsidiary. The process for seeking approvals is likely to be completed by Q2FY22. The reorganisation of the O2C business will result in no change in the company s shareholding.
Jindal Power: The firm announced the appointment of former bureaucrat Anil Kumar Jha as its Chairman. A veteran of the mining industry, Jha is former chairman of Coal India Limited, JPL said in a statement.
Markets in a volatile session; Sensex near 50,800, Nifty 50 trades flat; Metal outperforms; ONGC, HDFC Bank leads
Auto, FMCG, pharma, capital goods and consumer durables stocks emerge as top laggards for exchanges. February 22, 2021 9:45 IST | India Infoline News Service Indian markets stood in a volatile session as Monday s trading session takes flight. Banking and metal stocks rally and thereby offset early losses of benchmarks Sensex and Nifty 50. Auto, FMCG, pharma, capital goods and consumer durables stocks emerge as top laggards for exchanges. In the opening bell, Sensex opened higher at 50,910.51 and gained by at least 97 points to an intraday high of 50,986.03 in early exchange. However, the index reversed