HDFC Board approves fund raising up to Rs 1.25 lakh crore via issue of debt or hybrid securities

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At meeting held on 25 May 2020

The Board of Housing Development Finance Corporation at its meeting held on 25 May 2020 has approved issuance of Redeemable Non-Convertible Debentures (secured or unsecured) and/or any other hybrid instruments (not in nature of equity shares) up to Rs 1,25,000 crore on a private placement basis in terms of the provisions of Section 42 and other applicable provisions of the Companies Act, 2013 during a period of one year, subject to the approval of the Members.

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First Published: Mon, May 25 2020. 15:02 IST