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Housing Development Finance Corporation’s (HDFC) board has approved raising funds through issuance of unsecured, redeemable non-convertible debentures (NCDs) under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis. This is in accordance with the approval granted by the shareholders of the HDFC at the 45th annual general meeting held on June 30, 2022.

The board has approved increase in the overall borrowing powers of the corporation from Rs 6 lakh crore to Rs 6.50 lakh crore, outstanding at any point of time and recommended the same for approval of the members of the corporation by way of postal ballot. The decision was taken since the outstanding borrowings of HDFC as on date is approximately Rs 5.70 lakh crore and it would need to borrow further for its business purposes till the effective date of merger.

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%)
12-Jul-2023 18:01 View Price Chart
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