HDFC gets shareholders’ approval to raise up to Rs 1.25 lakh crore via debt securities
31st Jul 2020

Housing Development Finance Corporation (HDFC) has received approval from shareholders to raise up to Rs 1.25 lakh crore by issuing bonds or other hybrid instruments on a private placement basis. As a special business, the board of directors got approval for issuance of redeemable non-convertible debentures and/or other hybrid instruments on private placement basis up to an amount not exceeding Rs 1,25,000 crore.

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.