HDFC gets board's nod for raising ₹57K crore via NCDs in tranches
The New Indian Express|March 28, 2023
MORTGAGE lender HDFC on Monday received board approval for raising ₹57,000 crore through non-convertible debentures (NCDs) in multiple tranches. The funds will be used for business requirements mainly for meeting lending demand.
HDFC gets board's nod for raising ₹57K crore via NCDs in tranches

"The Board granted its approval for issuance of unsecured redeemable non-convertible debentures under a Shelf Placement Memorandum, aggregating ₹57,000 crore, in various tranches, on a private placement basis, in accordance with the approval granted by the shareholders of the Corporation at the 45th Annual General Meeting held on June 30, 2022," said HDFC in a regulatory filing to the Bombay Stock Exchange.

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