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TMI BlogCabinet approves raising of additional share capital of M/s. HDFC Bankup to a maximum of 24,000 croreX X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet approves raising of additional share capital of M/s. HDFC Bankup to a maximum of 24,000 crore X X X X Extracts X X X X X X X X Extracts X X X X ..... e capital of M/s. HDFC Bankup to a maximum of ₹ 24,000 crore Composite foreign shareholding in the bank limited to 74% of the enhanced paid-up e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quity share capital of the bank The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for grant of permission to M/s. HDFC Bank Ltd. to raise additional share c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... apital of up to a maximum of ₹ 24,000 crore, including premium, over and above the previous approved limit of ₹ 10,000 crore, such that the composite foreign shareholding in the Bank shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not exceed 74% of the enhanced paid-up equity share capital of the bank. The decision would ensure that the composite foreign shareholding in the bank inclusive of all types of foreign investments, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... both direct and indirect, will not exceed 74% of the enhanced paid-up equity share capital of the bank. It will be subject to Foreign Direct Investment Policy conditionalities and other sectoral regul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ations / guidelines.
The proposed investment is expected to strengthen the capital adequacy ratio of the bank. X X X X Extracts X X X X X X X X Extracts X X X X
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