HDFC Life Insurance Company has received approval to raise funds up to Rs 1,500 crore through non-convertible debentures (NCDs). The NCDs, carrying a coupon rate of 8.05% and a 10-year term, are set for allotment on October 9.
The company’s Capital Raising Committee (CRC) on September 27, 2024 has considered and approved the proposal (along with the commercial terms) for raising of funds under the first tranche through issuance of up to 1,00,000 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-cumulative, Non-convertible debentures, each having a face value of Rs 1,00,000, for an aggregate nominal value of up to Rs 1,000 crore with an option to retain additional subscription/ green shoe option of up to Rs 500 crore collectively aggregating up to Rs 1,500 crore for cash, in dematerialised form, on private placement basis (Non-convertible Debentures).
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.
| Company Name | CMP |
|---|---|
| ICICI Prudential | 562.40 |
| General Ins. Corp | 400.00 |
| Star Health & Allied | 503.30 |
| Niva Bupa Health Ins | 80.04 |
| ICICI Lombard Gen. | 1890.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: