HDFC gets nod to raise Rs 14,000 crore through various means
20th Jun 2020

Housing Development Finance Corporation (HDFC) has received approval to raise up to Rs 14,000 crore in tranches through various means. The funds will be raised through issuance of equity shares or compulsorily-convertible debentures, non-convertible debentures along with warrants, foreign currency convertible bonds, or any other security.

The meeting of Board of directors of the company held on June 19, 2020 approved 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.