The Cabinet Committee on Economic Affairs, chaired by the Prime
Minister Shri Narendra Modi, gave its approval to the proposal of HDFC
Bank for maintaining the permissible foreign holding in the bank up to
74% of the total paid up capital and issuance of equity shares
aggregating to an amount of Rs.10,000 crore to NRIs/FIIs/FPIs subject to
aggregate foreign shareholding not exceeding 74 percent of the post
issue paid up capital.
The approval would result in foreign investment of Rs.10,000 crore (approximately) in the country.
The approval would result in foreign investment of Rs.10,000 crore (approximately) in the country.