HDFC Bank tastes success with $2.2bn equity raise

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By John Loh
02 Aug 2018

India’s most valuable lender, HDFC Bank, showed why it deserves the title this week, as it bagged $2.2bn from a dual-tranche fundraising that combined soaring demand for its shares at home and abroad. John Loh and Jonathan Breen report.

The banking arm of India’s Housing Development Finance Corp on Tuesday concluded a multi-stage fundraising that had been in the works since at least December, when its parent gained board approval to issue its own qualified institutional placement, from which part of the proceeds would be poured ...

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