India's largest mortgage lender HDFC LtdBSE -0.24 % has bagged a Rs 11,104 crore investment from marquee investors - like private equity giant GICBSE -0.77 % Singapore, KKR, Canadian pension plan Ontario Municipal Employees Retirement System, Carmignac Group and Premji Invest. This would lead to a stake dilution of 3.87%. The preferential allotment will be made at a share price of Rs 1,726.05 per share to 10 investors. The mortgage lender was trading at Rs 1,761.25 at the end of trade on Friday. HDFC board also approved raising Rs 1,896 crore through a Qualified Institutions Placement (QIP) which will be completed within 12 months.
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