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HDFC spurts on plan to raise Rs 1,135 crore through debentures

05 May 2016 Evaluate

Housing Development Finance Corporation is currently trading at Rs 1149.00, up by 18.00 points or 1.59% from its previous closing of Rs. 1131.00 on the BSE.

The scrip opened at Rs. 1138.90 and has touched a high and low of Rs 1151.70 and Rs 1135.85 respectively. So far 21324 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1370.80 on 16-Jul-2015 and a 52 week low of Rs. 1012.00 on 25-Feb-2016.

Last one week high and low of the scrip stood at Rs 1138.00 and Rs 1075.60 respectively. The current market cap of the company is Rs 181682.33 crore.

The Institutions and Non-Institutions held 87.86% and 12.14% respectively

Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, will be raising Rs 1,135 crore by issuing debentures.  The object of the issue is to augment the long term resources of the company. The proceeds of the issue would be utilized for financing/refinancing the housing finance business requirements of the corporation.

The issue of the Non-Convertible Debentures (NCDs) will be done on a private placement basis and will open for a day on May 6. The NCDs carry coupon rate of 8.34 percent. ICICI Bank and SBI Capital Markets are the arrangers to the 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.

HDFC-Amalgamated Share Price

2729.95 0.00 (0.00%)
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