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05/02/2015 08:09

HDFC Bank - Updates

HDFC Bank Ltd has informed BSE that the Company has received an approval from the Foreign Investment Promotion Board (FIPB) allowing the Bank to maintain the permissible foreign holding upto 74% of its paid up share capital and issue further equity shares aggregating to an amount upto Rs. 10,000/- crore to NRIs / FIIs/ FPIs not exceeding 74% of the post issue paid up capital of the Bank, subject to complying with the conditions stipulated in the approval letter.