HDFC Bank pares gains after touching all-time high as investment cap gets hit

HDFC Bank which rose to an all-time high of Rs 1,454 on NSE in morning trade on Friday, pared gains after the private sector lender crossed overall limit of 74 per cent of its paid-up capital. Paid up share capital is the amount of money a company has received from shareholders in exchange for shares of stock. The RBI on Thursday had lifted restrictions on FII buying as the foreign ownership in the lender slipped below 72 per cent. HDFC Bank rose to an all-time high after RBI removed the foreign institutional investor (FIIs) ban limit on the counter. 

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