HDFC Life Insurance to raise Rs 1,000 crore via NCDs

Quick Summary:

HDFC Life Insurance plans to raise Rs 1,000 crore through non-convertible debentures to fund business growth.

The debentures, with a 10-year tenure and an 8.05% coupon rate, are unsecured and non-cumulative, and will be listed on the NSE’s Wholesale Debt Market.

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Article Details

Author / Journalist: PTI

Category: EconomyBusiness

Markets: IndiaChinaJapan

Topics: NCDs 000 crore Capital Raising Committee Regulatory filing HDFC Life Insurance Business news Rs 1

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-09 @ 21:47:52 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 22969174

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About Times of India

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