Housing Development Finance Corporation has hired around 19 banks to manage a capital raising of up to 140 billion rupees , Refinitiv publication IFR reported on July 16, calling it “the largest ever syndicate in India's equity capital market”. The Indian lender will raise capital through the issuance of shares, convertible debentures, non-convertible debenture-cum-warrants or foreign currency convertible bonds.
Axis, Bank of America, BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, HSBC, ICICI Securities, JM Financial, Kotak, Morgan Stanley, Motilal Oswal and SBI Capital are among the banks participating, according to the report.
ugalani Its main sub HDFC Bank Cap adequacy is 18.9% but there are red flags. The bank's Retail to wholesale mix was 55:45 in FY18. In Q1 FY21, Wholesale is 52-53% & 47-48% Retail. Retail actually degrew in absolute terms. There is limited disclosure on where wholesale advances are going