₹1.2 trillion from the markets over the next one year. HDFC does not need to raise capital as its adequacy ratios are superior, and the need for provisioning is far less than its peers.
Ergo, the plan to raise funds is specifically towards acquisitions as well as infusion of capital into subsidiaries.“The capital raising plan seems to be for infusion into subsidiaries.
They are looking at inorganic opportunities for subsidiaries, and at the same time would want to keep their stake intact," said Alpesh Mehta, deputy head of research at Motilal Oswal Financial Services Ltd.Meanwhile, HDFC too could look at acquisitions for itself.