HDFC Bank ends marginally down; plans to raise funds via infrastructure bonds

The bank is set to raise up to Rs.5,000 crore in the form of infrastructure bonds. Rating agency, Crisil has assigned ‘AAA/Stable’ rating to the bond issuance. Last year, HDFC Bank had raised Rs.3,000 crore by issuing bonds on a private placement basis.

Apr 01, 2016 10:04 IST India Infoline News Service

HDFC Bank
HDFC Bank ends lower on BSE index. The bank is set to raise up to Rs.5,000 crore by way of infrastructure bonds. Rating agency, Crisil has assigned ‘AAA/Stable’ rating to the bond issuance. Last year, HDFC Bank had raised Rs.3,000 crore by issuing bonds on a private placement basis.
The bank's stock ended at Rs. 1064.9, down by Rs. 6.3 or 0.59% from its previous closing of Rs. 1071.2 on the BSE.
The scrip opened at Rs. 1066 and touched a high and low of Rs. 1073 and Rs. 1057 respectively. A total of 1327367(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 270819.34 crore.
The BSE group 'A' stock of face value Rs. 2 touched a 52 week high of Rs. 1127.9 on 21-Jul-2015 and a 52 week low of Rs. 928.8 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs. 1078.7 and Rs. 1041.8 respectively.
The promoters holding in the company stood at 21.51 % while Institutions and Non-Institutions held 43.59 % and 16.17 % respectively.
The stock traded above its 200 DMA.

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