India: Private lender HDFC hits the street with $1.87b equity fundraise

India: Private lender HDFC hits the street with $1.87b equity fundraise

Photo: Bloomberg

Private sector mortgage financier Housing Development Finance Corp Ltd (HDFC) on Wednesday said that its board had approved the launch of its so-called qualified institutional placement (QIP) offering to raise up to Rs14,000 crore by selling equity shares and warrants, the lender said in an exchange filing.