Mortgage lender HDFC limited eying ₹1 billion fundraise in order to build a war chest to make the post-COVID-19 Demat. They do have around 19% odd stake in HDFC Bank and have probably invited applications or presentations from the various investment bankers in an exploration of such stocks.
Although HDFC Limited has sufficient amount of capital on their books, which is slightly over 17% with a 16.6% which suggests that they are not in any dire need of current capital and are looking to build up capital as a war chest. ET NOW correspondent Poonam Sahani joins us with the details. Listen in!
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