HDB Financial Services has informed that the Company has secured an approval from its Board of Directors to borrow funds by issue of secured redeemable non-convertible debentures on private placement basis, in one or more tranches, up to Rs 5000 crores (Issue) at their meeting held on July 15, 2015. The Company now intends to raise its Twelveth tranche of Rs 200 crores, in aggregate on private placement. The securities under this Tranche would be allotted by the consent of the Debenture Allotment Committee on June 07, 2016.
The above information is a part of company’s filings submitted to BSE.
