HDFC: To raise up to Rs 35,000 cr

By: | Published: January 28, 2016 12:24 AM

HDFC on Wednesday said that its board of directors approved the issuance of secured redeemable non-convertible debentures (NCD) aggregating to R35,000 crore on a private placement basis.

HDFC on Wednesday said that its board of  directors approved the issuance of secured redeemable non-convertible debentures (NCD) aggregating to Rs 35,000 crore on a private placement basis.

In July last year,  HDFC had sought shareholder nod to raise up to Rs 85,000 crore through private placement  within a year of its annual general meeting on July 28.

In a regulatory filing, the lender had said that the fund-raising would be through redeemable NCDs secured or unsecured or other hybrid instruments which can be classified as being tier II capital.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition