HDFC to raise Rs 500 crore through masala bonds

India Infoline News Service | Mumbai | October 15, 2016 10:14 IST

The company to raise up to Rs 500 crore through rupee-denominated bonds from overseas investors.

Housing Development Finance Corporation to raise up to Rs 500 crore through rupee-denominated bonds from overseas investors. The pricing and tenure of the bonds to be issued pursuant to the said issue will be intimated to in the due course.

“With reference to the earlier letter dated 12 October 2016, informing about the opening of the fourth issue of rupee-denominated bonds to overseas investors, aggregating an amount up to Rs500 crore,” it said in a filing.

The bond issue will open and close on October 14.

In July this year, in the first-ever masala bond issue, HDFC had raised Rs 3,000 crore through rupee-denominated bonds that got over-subscribed by 4.3 times.

Stock Commentary:

Housing Development Finance Corporation Ltd ended at Rs 1319.2, down by Rs 19.25 or 1.44% from its previous closing of Rs 1338.45 on the BSE.

The scrip opened at Rs 1341.5 and touched a high and low of Rs 1354 and Rs 1315.65 respectively. A total of 3068489(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 208959.13 crore.

The BSE group 'A' stock of face value Rs 2 touched a 52 week high of Rs 1463.25 on 07-Sep-2016 and a 52 week low of Rs 1012 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs 1412 and Rs 1315.65 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 88.59 % and 11.41 % respectively.

The stock traded below its 50 DMA.

***Note: This is a NSE Chart



  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.