2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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24, 000
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35, 000
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38, 000
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65, 000
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Detailed explanation-1: -Of the Rs 24, 000 crore approved by the board, Rs 8, 500 crore would be coming from the parent, HDFC Ltd. The rest will be raised through QIP, ADR, and GDR (global depositary receipt). The equity-raising will result in a dilution of five per cent, say analysts.
Detailed explanation-2: -Once the deal is effective, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank. Every HDFC shareholder will get 42 shares of HDFC Bank for every 25 shares held.
Detailed explanation-3: -In March 1995, HDFC Bank launched its first IPO of ‘500 million (50, 000, 000 equity shares at ‘10 each at par).
Detailed explanation-4: -On Saturday, HDFC Bank reported a net profit of Rs 12, 260 crore for the quarter ended December 2022-an increase of over 18% over Rs 10, 342 crore in the corresponding quarter of previous year.