The stock surged to a high of Rs 1,876.80, up 6.56 per cent over its previous closing price on BSE. On NSE, the stock jumped to a high of Rs 1,875.90, up 6.52 per cent over the last close.
This will be the first equity raising by the country's largest pure-play mortgage lender in over a decade. The board approved issuance of 6.43 crore shares of face value of Rs 2 each on a preferential basis at a price of Rs 1726.05 per share, aggregating to Rs 11,103.66 crore to various investors including Azim Premji Trust.
A total of 3.01 crore shares will be issued to an affiliate of GIC Waverly Pte, 1 crore shares to the administrator of the pension plan for Ontario's municipal employees (OMERS) of Canada and about 92 lakh shares to KKR firm Silverview Investment Pte, it said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
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