Stock Tips Tomorrow- HDFC to raise Rs. 2,000 Cr. via bonds on PP basis

HDFC, Money Maker Research, Best Stock Tips, Todays Equity News. Top Stock Buy Sell, Stock Tips Tomorrow, Mortgage loan provider, The Housing Development Finance Corporation  (HDFC) will raise Rs. 2,000 crore by issuing bonds on private placement basis to expand bank’s long-term capital. The issue to raise Rs. 2,000 crore will open and close on Wednesday, 6 Sept 2017.

HDFC in its regulatory in a filing said:- ‘The objective of the issue of bond is to augment the long-term resources of the Corporation. The proceeds of the issue would be utilized for financing and refinancing the housing finance business needs of the Corpn’. The HDFC will specifically address the persons who are entitled for the debenture issue and no other person can apply for it. Meantime, Stock of HDFC was being traded 0.24 percent up at Rs. 1,759.75 on BSE.

Get Two Days Free Trial click here

Leave a Reply

Your email address will not be published. Required fields are marked *