HDFC Bank promoters dilute 0.7% stake to raise capital

Written By Unknown on Selasa, 10 Februari 2015 | 23.25

The bank also made a fresh issuance of 8.6 crore shares. As a result total number of paid-up shares stood at 250.35 crore at the end of February 10.

HDFC Bank  today said promoters have diluted 0.7 per cent stake while raising about Rs 10,000 crore from selling American Depository Receipts (ADRs) and India-listed shares to qualified institutional investors in the largest follow-on offer by a private sector firm.

The bank also made a fresh issuance of 8.6 crore shares. As a result total number of paid-up shares stood at 250.35 crore at the end of February 10.

Total number of paid-up shares at the end of December stood at 241.74 crore, HDFC Bank said in a filing. Prior to issuance promoters held 22.47 per cent stake in the bank. Following issuance, promoters holding in the bank have come down to 21.70 per cent, it said.

Promoters of HDFC Bank are Housing Development Finance Corporation Ltd , HDFC Investments Ltd and HDFC Holdings Ltd. Last week, the bank raised about Rs 10,000 crore through a mix of ADRs and QIP. As per an US Securities and Exchange Commission filing, the company has raised USD 1,270.72 million (about Rs 8,000 crore) by issuing 22 million ADS to the global investors.

The bank had approved a issue price of USD 57.76 per ADR to eligible investors in the ADR Offering. Besides, the bank has raised about Rs 2,000 crore from a QIP (Qualified Institutional Placement) in the domestic market. The issue price for QIP was Rs 1,067 per share to be allotted to eligible qualified institutional buyers.

HDFC Bank stock price

On February 10, 2015, HDFC Bank closed at Rs 1055.60, up Rs 15.35, or 1.48 percent. The 52-week high of the share was Rs 1099.70 and the 52-week low was Rs 629.60.


The company's trailing 12-month (TTM) EPS was at Rs 38.31 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 27.55. The latest book value of the company is Rs 179.77 per share. At current value, the price-to-book value of the company is 5.87.


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