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₹14,000 cr via share sale

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₹14,000 crore through the sale of shares or bonds, as financiers across the country seek to boost buffers amid the disruption caused by the coronavirus pandemic.The money will be used for purposes including organic growth, acquisitions and to maintain sufficient liquidity, the country’s biggest mortgage lender said in a statement on Friday.HDFC becomes the latest to join other private lenders including Yes Bank and IndusInd Bank, looking to tap capital markets to bolster their balance sheets from any sharp spike in bad loans from a virus-caused potential contraction for the first time in four decades.Last month, Kotak Mahindra Bank raised close to ₹7,300 crore via the sale of shares to bolster capital buffers further.HDFC is one of the top.

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