HDFC Bank launches â¹15,500 crore share sale in India and US
HDFC Bank, India's largest lender by market capitalisation, launched its share sale to raise up to â¹15,500 crore on Monday. The fundraise will comprise a mix of a Qualified Institutional Placement to domestic investors and American Depository Receipts to US investors. The bank, also listed in New York, is raising funds to strengthen its capital base and expand lending capacity.