HDFC Bank is planning to raise Rs 10,000 crore from foreign investors and Lupin is planning to raise FDI limit in the company to 49 percent
The Cabinet Committee on Economic Affairs will take up HDFC Bank's and Lupin's FDI proposals today, sources told CNBC-TV18.
HDFC Bank is planning to raise Rs 10,000 crore from foreign investors and Lupin is planning to raise FDI limit in the company to 49 percent.
The Foreign Investment Promotion Board had cleared HDFC Bank's proposal in December and had cleared Lupin's FDI proposal in November.
HDFC Bank stock price
On January 28, 2015, at 14:15 hrs HDFC Bank was quoting at Rs 1066.00, down Rs 8, or 0.74 percent. The 52-week high of the share was Rs 1093.00 and the 52-week low was Rs 618.00.
The company's trailing 12-month (TTM) EPS was at Rs 38.33 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 27.81. The latest book value of the company is Rs 179.87 per share. At current value, the price-to-book value of the company is 5.93.
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