Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, has raised about Rs 10,000 crore through mix of warrants and non-convertible debentures (NCDs) to qualified institutional investors (QIP). The company has alloted 3.65 crore warrants at an issue price of Rs 14 a piece, at an exercise price of Rs 1,475 per share. With the issuance of the warrants, the company has raised Rs 5,384 crore. Moreover, the company has raised Rs 5,000 crore through issuance of NCDs.
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.
