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HDFC eyeing to raise up to Rs 5,000 crore through NCDs

30 Jul 2015 Evaluate

Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, is planning to raise up to Rs 5,000 crore through Non-Convertible Debentures (NCDs) to boost lending operations and meet its future capital needs. The company has also sought shareholders' nod to raise funds through warrants.

The board of directors of the company has been exploring various fund raising options in order to augment the long-term resources and for its future capital needs.

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.


HDFC-Amalgamated Share Price

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