HomeBusinessHDFC Ltd in Rs 45,000 crore cash hunt

HDFC Ltd in Rs 45,000 crore cash hunt

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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.”

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“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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Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.
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