HDIL raises Rs 200 cr from debenture issue

Property developer Housing Development and Infrastructure Ltd (HDIL) today said it has received subscription worth Rs 200 crore for its non-convertible debenture issue.

The debenture issue is third tranche out of 11,500 debentures of Rs 1 milion each, aggregating Rs 1,150 crore. The company is issuing debentures to retire its high cost debt.