MUMBAI: Private sector lender HDFC Bank on Monday said its board will imagine splitting each of the bank's percentage into two with a face price of Re 1 later this month.
Presently, one percentage of HDFC Bank has a face price of Rs 2. Its shares closed at Rs 2,328 apiece at the Bombay Stock Exchange, down 1.7%. At provide, the bank has issued about 272 crore shares of face price of Rs 2.
The bank had posted a 23% leap in its internet profit to Rs five,885 crore for the quarter ended March 2019 on a healthy enlargement in its internet hobby income.
It had registered a internet profit of Rs four,799 crore within the January-March quarter of 2017-18. Total income for the quarter ended March 31, 2019, stood at Rs 31,204.five crore, up by 22% from Rs 25,550 crore for the quarter ended on March 31, 2018, the bank said in a regulatory filing.
Presently, one percentage of HDFC Bank has a face price of Rs 2. Its shares closed at Rs 2,328 apiece at the Bombay Stock Exchange, down 1.7%. At provide, the bank has issued about 272 crore shares of face price of Rs 2.
The bank had posted a 23% leap in its internet profit to Rs five,885 crore for the quarter ended March 2019 on a healthy enlargement in its internet hobby income.
It had registered a internet profit of Rs four,799 crore within the January-March quarter of 2017-18. Total income for the quarter ended March 31, 2019, stood at Rs 31,204.five crore, up by 22% from Rs 25,550 crore for the quarter ended on March 31, 2018, the bank said in a regulatory filing.
HDFC Bank to consider stock split later this month
![HDFC Bank to consider stock split later this month]()
Reviewed by Kailash
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May 08, 2019
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