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Private Placement

| Updated on February 02, 2018 Published on February 17, 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. 7000 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 September 22, 2016.

The Company now intends to raise its Thirteenth tranche of Rs. 420 crores in aggregate on private placement. The securities under this Tranche would be allotted by the consent of the Debenture Allotment Committee on February 22, 2017.

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Source : BSE - www.bseindia.com

Published on February 17, 2017
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