The stock has advanced a percent in trades so far.
HDFC has advanced to a high of Rs. 1,197 in an otherwise dull market on plans to raise fresh funds.
According to a release issued by the private housing lending major, the board has approved a proposal to raise upto Rs. 5,000 crore by way of Secured Redeemable Non-Convertible Debentures.
The stock is now up a percent at Rs. 1,192. The counter has seen trades of around 35,000 shares as against the two-week daily average volume of around 155,000 shares on the BSE.
Meanwhile, the Sensex has slipped 36 points to 26,487.
According to a release issued by the private housing lending major, the board has approved a proposal to raise upto Rs. 5,000 crore by way of Secured Redeemable Non-Convertible Debentures.
The stock is now up a percent at Rs. 1,192. The counter has seen trades of around 35,000 shares as against the two-week daily average volume of around 155,000 shares on the BSE.
Meanwhile, the Sensex has slipped 36 points to 26,487.
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