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street signs: hdfc bank adr premium drops, sbi amc bets on shares, and more




hdfc bank adr premium narrows the premium between hdfc bank's american depositary receipts (adrs) and its local shares has dropped to multi-year lows. the adr premium fell to single-digits as hdfc bank issued new shares worth over $2.3 billion. the average premium this month is 11 per cent compared ...



hnis' bets on hdfc mf ipo will pay off if shares list at over 35% premium




leveraged bets riding on the maiden offering of hdfc mutual fund will only be profitable if shares of the asset manager list at over 35 per cent premium during the debut next week. cumulative bets worth over rs 700 billion from high-net-worth individuals (hnis), who have borrowed at a rate between 1...



hdfc group shares in focus; hdfc, hdfc bank hit new high




shares of two hdfc group companies - housing development finance corporation (hdfc) and hdfc bank - have hit their respective new highs, gaining more than 1% each on the bse.hdfc bank hit a record high of rs 2,214, rising by 2%, and surpassing its previous high of rs 2,190 while hdfc was up 1.2% at ...



hdfc bank launches qip, adr at floor price of rs 2,179.13 a share




hdfc bank ltd on monday said it would raise up to rs 155 billion through both domestic shares and american depository receipts (adr), starting monday. three domestic shares constitute one adr for hdfc bank. the domestic shares would be issued via qualified institutions placement (qip). in a post-mar...



idfc bank-capital first merger: gains for both justify the deal premium




shares of idfc bank and capital first hit their respective 52-week highs on friday on increased buzz of the two entities being merged. much to the street’s expectations, they agreed to a merger on saturday. under the deal, idfc bank will issue 139 shares for every 10 shares of capital first. given...



indian lender hdfc bank's us share sale to raise about $1.81 billion




hdfc bank ltd, india's second-biggest lender by assets, on tuesday said its us public offering of 17.5 million american depository shares (ads) was priced at $104 each, raising about $1.81 billion. hdfc's qualified institutions placement (qip) of 12.8 million equity shares in india was also priced a...



hdfc bank falls nearly 5% from its intra-day's high




shares of hdfc bank have slipped by 2.5% at rs 2,058 per share, falling 4.6% from their early morning high on the national stock exchange (nse), after more than 10-million equity shares changed hands on the counter through multiple block deals. till 10:17 am; around 13.41 million equity shares repre...



hdfc bank likely to take fund raising plan from dalal street to wall street




hdfc bank is likely to take its fund raising plan from dalal street here to wall street. sources say the bank prefers an issue of american depository receipts (adr) over qualified institutional placement (qip) for its rs 15.5-billion ($2.2 billion) equity raising exercise. attractive valuations and ...



street signs: outlook for banking stocks remains positive, say experts




the outlook for the bank nifty remains positive with experts anticipating a move towards 25,750-25,950 for the index in the january series. private sector banks hdfc and axis have seen a significant build-up of long positions and are expected to outperform. public sector banks' woes, however, are ex...



hdfc to raise up to rs 13,000 cr via equity, convertible instruments




housing development finance corporation (hdfc), the country’s largest mortgage lender, is planning to raise up to rs 13,000 crore by issuing equity shares and other securities. it will use the proceeds to invest up to rs 8,500 crore in hdfc bank to retain its stake at 21 per cent in the latter.  ...



street signs: psu bank shares fall, soothing balm from vakrangee, and more




psu bank shares on a weak footing the nifty psu bank index, which slid 8.4 per cent last week to 3,189, is likely to extend losses if technical analysts are to be believed. chartists say the index could drop another 5-10 per cent if it drops below 3,100. “after sharp losses, the index is close to ...



street signs: outlook for bank nifty, jubilant life shares, and more




banking stocks to be under pressure despite shedding more than nine per cent in the january series, the outlook for bank nifty remains bleak. downside support for the index has moved to 24,750 with the upside capped at 25,500. there has been a significant build-up of long positions in private sector...



find people responsible for leaking earnings on whatsapp: sebi to hdfc bank




market regulator sebi asked hdfc bank to find individuals, including bank officials, responsible for leakage of its financial results on whatsapp. sebi said inadequate controls at hdfc bank are the prima facie reason for leakage of financial results and asked the lender to beef up its systems. “fi...



hdfc standard life to make stock market debut today




hdfc standard life insurance company, which has recently concluded its rs 8,695-crore initial public offering, will make a debut on stock exchanges today.the shares will be listed on the bse and the nse, the company said.the ipo, which was open for subscription on november 7-9, was subscribed 4.89 t...



hdfc standard life ipo oversubscribed 1.15 times




the initial public offer of hdfc standard life insurance company was oversubscribed 1.15 times so far on the second day of bidding on wednesday. the ipo, estimated to raise rs 8,695 crore, received bids for 25,17,92,650 shares against the total issue size of 21,97,59,218 shares, nse data till 1630 ...



nifty psu bank index extends gains; shares of bank of baroda, sbi, pnb jump




beaten-down banking stocks have staged a huge rebound over the past two weeks amid positive earnings surprises and hopes of reversal in the bad-loan cycle. on monday, the nifty psu bank index, a gauge for the performance of state-owned bank shares, jumped 4.3 per cent, extending its two-week gain to...



hdfc standard life ipo to open november 7




the private sector insurer is a joint venture between domestic mortgage lender hdfc and uk-based standard life. currently, hdfc owns 61.12 per cent and standard life 34.75 per cent of the insurer, while minority shareholders, including premjiinvest, hold the remaining. in the ipo, hdfc will be selli...



markets live: sensex range-bound, nifty above 10900; ongc up 4%




street signs: infosys tops buyback price; bond street trumps dalal street   infosys tops buyback price on wednesday and thursday last week, shares of infosys surpassed the buyback price of rs 1,150 less than a month after the technology giant concluded its rs 130-billion share repurchase. however, ...



cabinet clears hdfc bank's proposal to raise rs 240 billion via fdi




the government on wednesday approved the proposal of hdfc bank to raise additional capital rs 240 billion by selling equity to foreign investors to fund its business growth. this includes premium, over and above the previous approved limit of rs 100 billion, that the composite foreign shareholding i...



hdfc standard life ipo subscribed 46% on day 1




the initial public offer of hdfc standard life insurance company was subscribed 46 per cent on the first day of the three-day bidding today.the ipo, to raise rs 8,695 crore, received bids for 10,03,43,050 shares against the total issue size of 21,97,59,218 shares, nse data till 1700 hrs showed.the p...



hdfc life ipo opens today: should you invest?




hdfc standard life insurance, one of the top three private life insurers in profitability, on tuesday launched its rs 8,695-crore initial public offering (ipo), the biggest so far in the country’s life insurance sector.  the price band for the offer has been fixed at rs 275-290 a share. the publi...



street signs: cil sees investor churn, big investors buy himadri, and more




coal india sees investor churn the strong gains in the coal india stock in 2018 has been accompanied by domestic institutions increasing their exposure in the counter. coal india has gained 16.2 per cent in the year so far – the most among the sensex companies. this rally has seen three big-ticket...



hdfc bank most valuable bank in the emerging market outside china




hdfc bank has gone past russia's sberbank to become the most valuable bank in the emerging market outside china. hdfc bank’s current market capitalisation is $78.4 billion against sberbank's $74.4 billion. chinese banks are leading the pecking order in the emerging market, with industrial & commer...



hdfc mutual fund allots rs 7.3 billion shares to anchor investors




hdfc mutual fund (mf) on tuesday allotted shares worth rs 7.3 billion to anchor investors ahead of its rs 28-billion initial public offering (ipo). the shares were allotted at rs 1,100 apiece — the top-end of the price band. some of the investors’ allotted shares include capital, fidelity, black...



sebi keeps hdfc amc's proposed ipo in abeyance to 'examine past violations'




sebi has kept hdfc asset management company's proposed ipo in abeyance "for examination of past violations," the latest update with the markets regulator showed. however, the securities and exchange board of india (sebi) did not clarify further. the fund house had filed preliminary papers with sebi ...