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HDFC Life Insurance gets nod to raise Rs 600 crore via NCDs

24 Jul 2020 Evaluate

HDFC Life Insurance Company’s board has considered and approved the proposal for raising of funds through issuance of up to 6,000 Unsecured, Rated, Listed, Subordinated, Redeemable, Fully Paidup Non-Convertible Debentures (NCDs), each having a face value of Rs 10,00,000, for an aggregate nominal value of up to Rs 600 crore only for cash, at par, in dematerialised form, on private placement basis. The said Debentures are proposed to be listed on the WDM segment of the National Stock Exchange of India. The Capital Raising Committee of the Board of Directors of the company in its meeting held on July 23, 2020 has considered and approved the same.

HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.

HDFC Life Insurance Share Price

616.60 -14.95 (-2.37%)
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