Housing Development Finance Corporation (HDFC) will seek shareholders’ approval at the annual general meeting (AGM) next month to raise up to Rs 85,000 crore through various debt instruments. The company’s AGM is scheduled to be held on July 26, 2017. The fund is to be raised by issuing redeemable non- convertible debentures or other hybrid instruments on a private placement basis for cash either at par or premium or at a discount to face value depending upon the prevailing market conditions.
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 | 560.70 |
| Piramal Finance | 2138.75 |
| Housing & Urban Dev. | 208.05 |
| Bajaj Housing Fin. | 86.80 |
| PNB Housing Finance | 1036.55 |
| View more.. | |
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