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HDFC's board approves raising up to Rs 14,000 cr through various means

The funds will be raised through issuance of equity shares or compulsorily-convertible debentures, non-convertible debentures along with warrants, foreign currency convertible bonds

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HDFC said the fundraising plan can also be through any other security, whether secured or unsecured or listed or unlisted, or a combination thereof, either through qualified institutional placement and/or any other permissible modes, in one or more tranches.

Press Trust of India New Delhi
Mortgage lender HDFC on Friday said its board has approved to raise up to Rs 14,000 crore in tranches through various means.

“The committee of directors of the corporation (HDFC) at its meeting held today (Friday), approved seeking approval of members of the corporation through postal ballot for raising of funds not exceeding Rs 14,000 crore,” it said in a regulatory filing.

The funds will be raised through issuance of equity shares or compulsorily-convertible debentures, non-convertible debentures along with warrants, foreign currency convertible bonds, or any other security, it said.

Topics : HDFC

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First Published: Jun 20 2020 | 2:43 AM IST

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