Housing Development Finance Corporation (HDFC), the premier housing finance company, is eyeing to raise up to Rs 85,000 crore this fiscal. The company will be seeking shareholders' nod in the Annual General Meeting (AGM) to be held later this month.
The amount will be raised by the company through issue of redeemable Non-Convertible Debentures (NCDs) which can be either secured or unsecured. The fund raising will also include any other hybrid instruments which can be classified as being Tier-III capital.
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.
