HDFC Bank Plans to Raise .₹ 50,000 cr Via Bonds

The Economic Times - - Companies: Pursuit Of Profit -

Pri­vate sec­tor lender HDFC Bank on Fri­day said it plans to raise .₹ 50,000 crore through bonds over one year to fund busi­ness growth. The board has ac­corded ap­proval for seek­ing share­hold­ers nod at the AGM for is­sue of per­pet­ual debt in­stru­ments, Tier II bonds, se­nior long-term in­fra bonds, HDFC Bank said in a reg­u­la­tory fil­ing. The board meet­ing will be held on May 19 to de­cide about the date for the AGM.

NEW DELHI

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