HDFC Raises Over Rs 10,000 Crore Through Issuance of Securities

New Delhi: loan lender HDFC on Saturday stated it has raised about Rs 10,000 crore via blend of warrants and non-convertible debentures to qualified institutional investors.

HDFC has alloted 3.65 crore warrants at an issue price of Rs 14 apiece, at an exercise fee of Rs 1,475consistent with percentage, the housing finance employer said in a regulatory submitting. With the issuance of the warrants, HDFC has raised Rs five,384 crore.

The warrant difficulty fee of Rs 14 apiece might neither be adjusted against the exercising charge norcould be refundable, the filing stated.

besides, it has raised Rs 5,000 crore through issuance of non-convertible debentures (NCDs).

On NCDs, the filing stated five,000 debentures of face cost of Rs 1 crore each due in March 2017, forcoins at par aggregating to Rs five,000 crore convey an annual coupon price of one.43 in line with cent.