Page 14 - Hdfc

HDFC to raise up to Rs 12,000 cr through bonds on private placement basis

Housing Development Finance Corporation (HDFC Ltd) will raise up to Rs 12,000 crore by issuing bonds on a private placement basis next week. The base issue size is Rs 1,000 crore with an option to retain over subscription of up to Rs 11,000 crore, it said in a regulatory filing on Friday. The secured redeemable Non-Convertible Debentures (NCDs) will carry a coupon rate of 8.07 per cent per annum for a tenor of 10 years. "The object of the issue is to augment the long-term resources of the corporation. "The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the corporation," it said. The issue will open on October 11 and close the same day. The issue is part of company's Shelf Placement Memorandum "AA-series" aggregating to Rs 75,000 crore that was approved by the mortgage lender's board in November 2021.

Sensex up 1,277 pts, ends above 58K; Nifty tops 17,250; banks, metals lead

CLOSING BELL: IndusInd Bank, Bajaj Finance, TCS, HDFC, Bajaj Finserv, Tata Steel, HDFC Bank, Wipro, L&T, Axis Bank, ITC, SBI, and Infosys were the top Sensex gainers

Stocks to Watch: TCS, HDFC, Oil, Tata Steel, KEC, Banks, Coal India

Stocks to Watch Today: TCS is set to win $2 billion deal. Also, shares of oil related companies are likely to be in focus ahead of the OPEC+ meet on likely production cut.

Ontario Teachers' opens India office, hires Keki Mistry as advisor

The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity

Abrdn sells 2% stake in HDFC Life at Rs 574 a share, mops up Rs 2,469 cr

Societe General bought shares worth Rs 469 cr, Integrated Core Strategies bought shares worth Rs 287 cr and Norges Bank bought shares worth Rs 234 cr

Abrdn to offload 2% in HDFC Life in block trades, put 43 mn shares on block

Price range set at Rs 564.1-578.55 per share; sale could fetch UK-based financial major at least Rs 2,425.6 cr

HDFC Bank targets nearly Rs 1-trillion deposit mop-up every quarter

In the recent roadshows, the bank's management sounded confident of its ability to deliver both loan growth as well as deposit growth, a report by Macquarie Research said on Monday

Rupee surges to end at 79.46 vs dollar as MSCI rebalancing spurs inflows

Bond yields fall as HDFC's Rs 10,000 crore debt sale plan propels custodian flows

With Rs 4.4-trn m-cap, Adani Transmission is India's 8th most valued firm

Adani Transmission surpassed HDFC, LIC, Bajaj Finance and Bharti Airtel in market cap ranking on Tuesday

Vinay Rajani of HDFC Securities is positive on M&M, Timken India; check why

M&M closed with a bullish engulfing pattern on the daily chart with a jump in volumes

Newsmaker: Meet HDFC's Kaizad Bharucha, the highest earning banker of FY22

The Covid-19 pandemic turned out to be watershed years for the lender's wholesale lending business, growing this wholesale book much faster than retail

India at 75: Tatas to Naik, Murthy - 25 towering business leaders of India

Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders

HDFC executes unusual trade to hedge borrowings against interest rate risk

The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation

Top headlines: SoftBank warns of funding cuts, Vedanta eyes $100 bn revenue

Business Standard brings you the top headlines at this hour

HDFC-HDFC Bank merger could set off Rs 48k-cr Nifty50 churn: Brokerage

Market players seek clarity from exchanges on the exclusion rule

HDFC gets National Housing Bank nod for merger with subsidiary bank

Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday.

HDFC Ltd secures $1.1 bn syndicated social loan for affordable housing

This transaction is the largest social loan globally, the first social external commercial borrowing (ECB) loan out of India and the largest ECB loan deal from a HFC or private NBFC in India

No need to pay off parent firm's liabilities on day 1 of merger: HDFC Bank

The parent-subsidiary merger is seen as the biggest transaction in India's corporate history

Target maturity funds are better than FMPs for locking in returns

They are more transparent and control both interest-rate and credit risk

HDFC raises benchmark lending rate, RPLR by 25 bps with effect from Aug 1

Housing Development Finance Corp Ltd hiked its benchmark lending rate by 25 basis points, with effect from August 1, the company said in an exchange filing