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Hdb Financial Services Ltd - Private Placement

| Updated on February 05, 2019 Published on February 05, 2019

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. 10,000 crores including Market Linked Debentures (MLDs) of Rs. 1000 crores ("Issue") at their meeting held on October 16, 2018. And that, the BSE has provided an in-principle approval for this Issue vide its letter dated November 16, 2018.

The Company now intends to raise its 1st tranche of MLD of Rs. 150 crores (plus Green Shoe Option of Rs. 150 crores to retain total subscription upto Rs. 300 crores). The securities under this Tranche would be allotted by the consent of the Debenture Allotment Committee on February 08, 2019.

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Source : BSE - www.bseindia.com

Published on February 05, 2019
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