The lender has also appointed JPMorgan Chase & Co, Edelweiss Financial Services Ltd, IIFL Holdings Ltd and JM Financial Ltd for the offering, the people said asking not to be identified because the information is private. The sale process will begin as soon as the lender gets the required regulatory approvals, they said.
HDFC Bank plans to raise the bulk of the funds from international investors through a sale of American depository receipts, with the rest to come from selling stock in India, the people said. The money will be used to boost the lender’s capital buffers and support its growth plans for several years, Paresh Sukthankar, deputy managing director of HDFC Bank said in January.
No comments:
Post a Comment