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Housing Development Finance Corporation on Tuesday announced the opening of the QIP issue. HDFC has fixed the floor price at ₹1,824.63.
According to reports, it plans to raise about ₹1,900 crore, as part of its ₹13,000-crore plan, to invest in its banking/other subsidiaries.
HDFC had raised ₹11,000 crore (via preferential and warrant issues) from KKR, Singapore’s GIC and Azim Premji’s PremjiInvest. Its board had approved raising another ₹1,896 crore via QIP.
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