HDFC Limited plans to raise Rs. 45,000 Crore
On Monday (July 13), the mortgage lender HDFC Limited has said that it is planning to raise up to Rs. 45,000 crore by issuing debt securities and will ask for approvals from shareholders in its upcoming annual general meeting (AGM) to be held at the end of this month.
The board of directors of HDFC Ltd has decided to meet on July 30, 2020 to announce the quarterly results for the first quarter ended June of the current fiscal, according to regulatory filing. Apart from this meeting, the 43rd annual general meeting (AGM) of the corporation is also scheduled to be held later on the same day (July 30, 2020).
At the 43rd annual general meeting, the board of directors will consider issuance of secured redeemable non-convertible debentures, in various tranches, aggregating Rs. 45,000 crore on a private placement basis.
Shares of HDFC Ltd fell down 2.79% to Rs 1,794.95. The scrip hovered in the range of Rs 1,793.40 to Rs 1,830 so far.
HDFC Securities Limited is one of the popular financial services intermediaries and a subsidiary of HDFC Bank, a private sector bank in India. It is one of the most leading stock broking companies in India and still now has completed 18 years of operation. HDFC securities was established in 2000 and is headquartered in Mumbai with lots of branches across major all cities and towns in India.
To know more about the corporation or Buy HDFC Securities Limited Shares, kindly visit at https://www.armssecurities.com/hdfc-securities-unlisted-shares/
