HDFC garners `10K cr via QIP

With work-from-home becoming the new normal, cyber threats have jumped manifold, as homes lack the kind of cyber-security setup a professional workplace has. Speaking to Deccan Chronicle, Dipesh Kaura, general manager (South Asia), Kaspersky said the idea of a workplace has changed and so has cyber threats.

"Some employees might be having sensitive information. They have to be sure that the information they have doesn't fall into the wrong hands,"he said, adding, "Working from home has a new kind of discipline; people who are working on a computer need to draw a boundary and restrict their screen time. This kind of discipline might also prevent them falling prey to new kinds of cyber threats."

In the midst of these concerns he said that digital hygiene has become an arsenal for companies and employees.

"In the office people are used to working in a controlled environment. But at home, you have to control the environment. I would suggest using Virtual Private Network. The adaptability to such technologies is steadily rising."

He said hackers are rather playing with the psyche of the user than using sophisticated machinery to prey on victims.

Mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Tuesday said that it has raised Rs 14,000 crore through qualified institutional placement of equity shares and secured redeemable non-convertible debentures simultaneously with warrants.

The proceeds of the issue, it said, will be used towards general corporate purposes and financing organic and inorganic business opportunities that may arise.

The Corporation has raised Rs 10,000 crore by issuing 5.68 crore equity shares at an issue price of Rs 1,760 per share to qualified investors, including Government of Singapore and Invesco Oppenheimer Developing Markets Fund.

Besides, it raised Rs 3,693 crore through an issue of non-convertible debentures at par for a tenor of three years carrying an annualised coupon rate of

5.40 per cent per annum. The lender also allotted

1.7 crore warrants at an issue price of Rs 180 per warrant, aggregating to around Rs 307 crore under the QIP issue, according to a regulatory filing. The warrants entitle the warrant holder to exchange each warrant for one equity share of the corporation at any time over the next three years i.e. until August 10, 2023, at a preagreed price of Rs 2,165 (warrant exercise price). The warrant issue price together with the warrant exercise price represents a premium of 32 per cent to the closing price of the corporation’s equity shares on the BSE/NSE prior to the launch of the Issue.

“The equity shares and warrants offered in the QIP have been subscribed to by 326 diverse marquee institutional funds,” said HDFC Ltd.