Cabinet approves raising of additional share capital of M/s. HDFC Bankup to a maximum of ₹ 24,000 crore

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..... Cabinet approves raising of additional share capital of M/s. HDFC Bankup to a maximum of ₹ 24,000 crore - News and Press Release Dated:- 13-6-2018 - News - Cabinet approves raising of additio .....

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..... nal share 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 .....

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..... paid-up equity 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 addit .....

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..... ional share capital 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 t .....

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..... he Bank shall 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 foreig .....

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..... n investments, 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 .....

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..... sectoral regulations / guidelines. The proposed investment is expected to strengthen the capital adequacy ratio of the bank. - News - Press release - PIB Tax Management India - taxmanagementind .....

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..... ia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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