New Delhi: HDFC on Friday pronounced it will lift Rs 1,035 crore by distribution of debentures on a private chain basement to enlarge a long-term collateral resources.
“The intent of a emanate is to enlarge long-term resources of a corporation. The deduction of a benefaction emanate would be utilized for financing/refinancing a housing financial business mandate of a corporation,” it pronounced in a regulatory filing.
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The holds in a form of cumulative redeemable non-convertible debentures will lift a banking rate of 8.5 per cent per annum.
HDFC shares were trade 1.78 per cent down during Rs 1,220.45 on BSE during a afternoon session.