Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, will raise Rs 2,000 crore via non-convertible debentures (NCDs) to fund business needs. It will raise the proceeds on a private placement basis by issuing secured redeemable NCDs.
The object of the issue is to increase the long-term resources of the corporation and the proceeds of the present issue will be utilised for financing/refinancing the housing finance business requirements of the corporation.
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.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 543.05 |
| Housing & Urban Dev. | 200.25 |
| Bajaj Housing Financ | 90.35 |
| Piramal Finance | 1631.40 |
| PNB Housing Finance | 920.00 |
| View more.. | |
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