You are here: Home » News-CM » Companies » News
Business Standard

HDFC to issue NCDs aggregating Rs 2500 cr on 11 May

Business Finance

Capital Market 

Housing Development Finance Corporation will be issuing secured redeemable non convertible debentures under Series X-003 aggregating Rs 2500 crore on private placement basis on 11 May 2020.

The object of the issue is to augment the long term resources of the corporation.

The proceeds of the present issue would be utilized for financing and refinancing the housing finance business requirements of the corporation.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, May 07 2020. 10:04 IST