HDFC raises ₹14,000 cr. via shares, NCDs

Date posted: Thursday 13 August 2020

Housing Development Finance Corporation Ltd. (HDFC) has raised ₹14,000 crore through qualified institutional placement (QIP) of equity shares and non-convertible debentures (NCDs), it said in a filing. It said ₹10,000 crore was raised through equity shares and ₹307.03 crore through warrants. Besides, HDFC also raised ₹3,693 crore through the issue of redeemable, non-convertible debentures (NCDs), it said. The proceeds will be used for general corporate purposes and financing business opportunities.

(The Hindu)