Edition:
India

India's HDFC Bank Prices ADS Offering, Qualified Institutions Placement


Tuesday, 31 Jul 2018 

July 31 (Reuters) - HDFC Bank::HAS PRICED ITS PUBLIC OFFERING OF 17.5 MILLION AMERICAN DEPOSITARY SHARES ADSS, EACH REPRESENTING THREE EQUITY SHARES, AT U.S.$ 104.00.PRICED CONCURRENT QUALIFIED INSTITUTIONS PLACEMENT OF 12.8 MILLION EQUITY SHARES IN INDIA (“QIP”) AT RS. 2,160.00 PER EQUITY SHARE.NET PROCEEDS FROM ADSS OFFERING EXPECTED TO BE $1,807.26 MLN AND FROM QIP EXPECTED TO BE ABOUT 27,611.25 MLN RUPEES.ADSS OFFERING AND THE QIP ARE SCHEDULED TO CLOSE ON AUGUST 2, 2018.