HDFC raises Rs 10,000 crore via QIP
12th Aug 2020

Housing Development Finance Corporation (HDFC) has raised Rs 10,000 crore equity capital by issuing 5,68,18,181 equity shares at an issue price of Rs 1,760 to qualified investors, including Government of Singapore and Invesco Oppenheimer Developing Markets Fund. Besides, the corporation has raised Rs 3,693 crore through issiaunce of 36,930 secured redeemable non-convertible debentures (NCDs) of the face value of Rs 10 lakh each. It has also allotted 1,70,57,400 warrants at an issue price of Rs 180 per warrant, aggregating to around Rs 307 crore under the QIP issue. 

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.