GIC, KKR, others back $1.75b investment in India’s HDFC

HDFC chairman Deepak Parekh
HDFC chairman Deepak Parekh. Photo: S.Kumar/Mint

Housing Development Finance Corp Ltd (HDFC) will be raising around Rs11,104 crore from marquee institutional investors like KKR, GIC and Premji Invest among others, the firm stated in a stock exchange notification on Saturday. Separately, the country’s largest mortgage lender will also be raising up to Rs1, 896 crore through qualified institutional placement (QIP).

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