India: HDFC to raise up to $2b via QIP, to invest $1.3b in HDFC Bank

HDFC
Photo: Pradeep Gaur/Mint

Housing Development Finance Corp. Ltd (HDFC) is planning to raise up to Rs13,000 crore via a qualified institutional placement (QIP) as it seeks to maintain its shareholding in its subsidiary HDFC Bank Ltd and bolster its capital base to meet the growing demand for home loans.

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