Shares of HDFC Bank were up around a quarter of a percent after the lender recived a Cabinet nod to its fundraising amount.
The stock on Thursday touched an intraday high of Rs 2,041.4, while it touched an intraday low of Rs 2,035.25.
The Union Cabinet on Wednesday approved foreign direct investment (FDI) worth Rs 24,000 crore for HDFC Bank.
This is including the premium, over and above the previous approved limit of Rs 10,000 crore, such that the composite foreign shareholding in the bank shall not exceed 74 percent of the enhanced paid-up equity share capital of the bank, said Finance Minister Piyush Goyal after the Cabinet meeting, which was chaired by Prime Minister Narendra Modi.
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