This will be the first equity raising by the country's largest pure-play mortgage lender in over a decade
The company said the primary objective of the fundraising exercise is to participate in the preferential issue of HDFC Bank Ltd up to Rs 85 billion.
The stock was trading 1% higher at Rs 1,756 on BSE ahead of committee meeting on January 13, 2018 to consider fund raising plans.
Core business, performance of subsidiaries and capital deployment will be closely monitored in 2018
Said life insurance is under-penetrated in the country and its future is good
India's largest lender SBI and private sector major ICICI Bank were classified as D-SIBs in 2015
There is no doubt the deal is value positive for existing shareholders
Waivers may impact supply of credit as lending to agri sector could dry up, say HDFC's economist
IndusInd Bank, Bajaj Finance, Godrej Consumer and L&T Finance from Nifty500 index also hit new highs
However, it said the account to which it has the exposure was not a NPA as of March 31, 2017
HDFC has various subsidiaries which can be listed
American Express topped the list, followed by Capital One Financial and Visa in second, third place
Total income (standalone) for reported quarter also fell to Rs 8,514.51 cr as against Rs 9,225.72 cr
For the full year, its stand alone net stood at Rs 7,443 crore compared to Rs 7,093 crore
Sustainability of high margin remains key, loan quality continues to be strong
Govt provides subsidy up to 6.5% to first time home buyer with income up to Rs 1.5 lakh per month
Total 24 stocks from the S&P BSE 500 and S&P BSE Smallcap index hit their respective all-time highs.
HDFC reported a rise of 11.95% in net profit at Rs 1,701.21 crore during October-December
HDFC Ltd's m-cap zoomed Rs 21,224.26 crore to Rs 2,17,267.29 crore, becoming the top-gainer
Gross bad loans as a percentage of total loans were 1.05% in Dec quarter, versus 1.02% in Sept quarter