The leader in private sector lenders, HDFC Bank, has received an administrative warning from capital market regulator Securities and Exchange Board of India (Sebi), the bank informed through a company filing on Monday.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
The market capitalization (market cap) of HDFC Bank topped the Rs 14 trillion mark for the first-time ever on Thursday.
Last week, four of the top 10 most-valued firms together added Rs 81,151.31 crore in market valuation. ICICI Bank and HDFC Bank emerged as the biggest gainers.
The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing.
India equity indices closed in the deep red on Thursday amid conflict in the Middle East.
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
HDFC’s CSR programme, Parivartan, has been active for over a decade and its initiatives, spread across 28 states and eight Union Territories, have impacted over 10 crore lives.
