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HDFC Ltd in Rs 45,000 crore cash hunt

Private sector lender, Housing Development Finance Corporation Ltd (HDFC Ltd) on Monday said, “It is planning to raise up to Rs 45,000 crore through issuance of debt securities.”

In a filing with the exchange, HDFC Ltd said, “In a meeting scheduled for 30 July 2020, the board of directors of the Corporation shall consider issuance of secured redeemable non-convertible debentures in various tranches, aggregating Rs 45,000 crore on a private placement basis.”

“The 43rd annual general meeting (AGM) of the corporation is scheduled to be held later on the same day (July 30, 2020),” the filing added.

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