(Reuters) - The sale, the biggest ever by an Indian firm, will go towards funding various infrastructure and capacity expansions of Indian corporates which are expected to total around $500 billion in the next few years.
The third equity issue in five years by the lender is expected in June, on both the domestic and the U.S. market, boosting the bank's capital adequacy ratio to about 21 percent from 11.7 percent, at the current stock price. Regulations mandate 9 percent.
Read more at Reuters.com Market News
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