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HDFC Bank to sell 17.5M ADS at $104.00/ADS

Jul. 31, 2018 12:48 PM ETHDFC Bank Limited (HDB) StockHDBBy: Gaurav Batavia, SA News Editor3 Comments
  • HDFC Bank (NYSE:HDB-1.23% priced its public offering of 17.5M ADS at U.S.$ 104/share.
  • HDFC Bank priced a concurrent qualified institutions placement of 12.85M equity shares in India at Rs. 2,160/hare.
  • Net proceeds from the ADSs offering are expected to be U.S.$ 1,807.26 million. Net proceeds from the QIP are expected to be approximately Rs. 27,611.25 million.
  • The ADSs offering and the QIP are scheduled to close on August 2, 2018.
  • Press Release

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