Others

Private Placement

| Updated on May 28, 2018 Published on May 28, 2018

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. 7500 crores ("Issue") at their meeting held on April 18, 2017 And that, the BSE has provided an in-principle approval for this Issue vide its letter dated April 23, 2018.

The Company now intends to raise its Eighth tranche of Rs.300 crores (plus Green Shoe Option to retain oversubscription upto Rs.600 crores), The securities under this Tranche would be allotted by the consent of the Debenture Allotment Committee on June 01, 2018.

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Source : BSE - www.bseindia.com

Published on May 28, 2018
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