Further, the corporation has raised Rs 3,693 crore through an issue of non-convertible debentures (NCDs). It issued 36,930 secured redeemable NCDs of face value of Rs 10 lakh each due on 11 August 2023, at par aggregating Rs 3,693 crore carrying a coupon rate of 5.40% payable annually, it added.
It also allotted 1,70,57,400 warrants at an issue price of Rs 180 per warrant, aggregating to around Rs 307 crore under the QIP issue, according to a regulatory filing. The warrant holders can exercise their right to exchange each warrant for one equity share at a price of Rs 2,165 per warrant at any time before the expiry of a period of 36 months or until 10 August 2023, it notified after market hours today, 11 August 2020.
HDFC's consolidated net profit rose 14.7% to Rs 4,058.53 crore in Q1 June 2020 from Rs 3,539.72 crore in Q1 June 2019. Total income rose 28.7% on a year-on-year basis (Y-o-Y) to Rs 31,560.15 crore during the period under review.
Shares of HDFC gained 1.48% to Rs 1825.35 on BSE. HDFC is engaged in financing by way of loans for the purchase or construction of residential houses, commercial real estate and certain other purposes, in India.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.
The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:
Do not share your Login Credentials or Passwords with anybody
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The following illicit activities by the persons named herein have come to the notice of Stock Exchanges: