HDFC planning to raise funds up to Rs 45,000 crore via NCDs
3rd Jul 2019

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 45,000 crore by issuing secured redeemable non-convertible debentures (NCDs) in various tranches on a private placement basis. A meeting of the Board of Directors of the corporation is scheduled to be held on August 2, 2019 to consider the same.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.