| Updated on December 15, 2017

HDB FINANCIAL SERVICES Ltd has informed BSE that the Company has secured an approval from its Board of Directors to borrow funds by issue of secured redeemable non-convertible debentures on private placement basis, in one or more tranches, upto Rs.5000 crores ("Issue") at their meeting held on April 14, 2016. And that, the BSE has provided an in-principle approval for this Issue vide, its letter dated June 13, 2016.

The Company now intends to raise its Eighteenth tranche of Rs.200 crores with Green Shoe Option to retain over-subscription upto Rs.250 crores, in aggregate on private placement. The securities under this Tranche would be allotted by the consent of the Debenture Allotment Committee on August 23, 2016.

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Source : BSE - >www.bseindia.com

Published on August 20, 2016

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