Twitter

Facebook

Youtube

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
HDFC to issue NCDs, hopes to raise Rs 35,000 crore
IANS
Last Updated : 30 Jan 2017 04:57:27 PM IST
HDFC to issue NCDs, hopes to raise Rs 35,000 crore
(File Photo)

 

Housing finance major HDFC on Monday said it will raise Rs 35, 000 crore ' title=' 000 crore '>000 crore through secured redeemable non-convertible debentures (NCDs).

"The board approved the issuance of secured redeemable NCDs aggregating to Rs 35, 000 crore ' title=' 000 crore '>000 crore on a private placement basis under a shelf disclosure document in terms of the SEBI (Issue and Listing of Debt Securities) Regulations 2008," the company said in a regulatory filing.

According to the mortgage lender, the move to issue the NCDs comes after the shareholders approval which was obtained at the 39th annual general meeting (AGM) held on July 27, 2016.
 


In addition, the board approved an increase of the authorised share capital of the company from Rs 340 crore, consisting of 170 crore equity shares of Rs 2 each, to Rs 350 crore, consisting of 175 crore equity shares of Rs 2, subject to the shareholders approval through postal ballot.



For Latest Updates Please-

Join us on

Follow us on

Post Your Comment (0 posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

A well being employee wearing PPE kit waits for his order of juice after stopping an ambul

Kangana Ranaut on Tuesday suggested that one should worship their mother and seek her bles

LG Electronics Inc said on Wednesday that it will introduce new C with its artificial inte

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

172.31.16.186