{"id":12416,"date":"2020-08-05T19:01:01","date_gmt":"2020-08-05T19:01:01","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=12416"},"modified":"2020-08-05T19:01:01","modified_gmt":"2020-08-05T19:01:01","slug":"hdfc-sets-floor-price-at-rs-1838-94-a-share-for-qip-issue","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=12416","title":{"rendered":"HDFC sets floor price at Rs 1,838.94 a share for QIP issue"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2041688 size-full\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2041688 size-full\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2041688 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf.jpg 660w, https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/08\/hdfc-mf-313x209.jpg 313w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><\/noscript><\/noscript><span class=\"article-caption\">The committee of directors of the Corporation at its meeting held on August 5, 2020, approved and declared the opening of the issue on Wednesday<\/span><\/figure>\n<\/div>\n<p>Mortgage lender HDFC Ltd has set the floor price at Rs 1,838.94 per share for its qualified institutional placement (QIP) issue that opened on Wednesday, according to a regulatory filing.\u00a0On July 30, the board of directors of HDFC had approved raising funds by way of issuance of equity shares and secured redeemable non-convertible debentures simultaneously with warrants aggregating up to a cumulative amount of Rs 14,000 crore on a QIP basis.<\/p>\n<p>The committee of directors of the Corporation at its meeting held on August 5, 2020, approved and declared the opening of the issue on Wednesday, HDFC said in a regulatory filing.\u00a0The committee, it said, has approved and taken on record the floor price in respect of the issue, at Rs 1,838.94 per equity share. The Corporation may offer a discount of not more than 5 per cent of the said floor price, it added.<\/p>\n<p>The country\u2019s largest mortgage lender said that the committee of directors will meet on Monday, August 10, 2020, to, among other things, consider and determine the issue price of the securities to be issued by way of issue to qualified institutional buyers (QIBs).<\/p>\n<p>\u201cThe issue would comprise for an amount aggregating up to Rs 14,000 crore by way of issue of equity shares and warrants and up to Rs 9,000 crore by way of issue of secured redeemable non-convertible debentures,\u201d it said.<\/p>\n<p>HDFC Ltd scrip closed at Rs 1,776.90 apiece on BSE, down 0.13 per cent from the previous close.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/hdfc-sets-floor-price-at-rs-1838-94-a-share-for-qip-issue\/2046176\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The committee of directors of the Corporation at its meeting held on August 5, 2020, approved and declared the opening of the issue on Wednesday Mortgage lender HDFC Ltd has set the floor price at Rs 1,838.94 per share for its qualified institutional placement (QIP) issue that opened on Wednesday, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12417,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-12416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/hdfc-mf.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12416"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/12417"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}