Tuesday , October 19 2021

Housing Development Finance Corporation inches up on planning to raise Rs 7,000 crore by issuing bonds on private placement basis

Housing Development Finance Corporation is currently trading at Rs. 2538.45, up by 9.55 points or 0.38% from its previous closing of Rs. 2528.90 on the BSE.

Housing Development Finance Corporation

The scrip opened at Rs. 2547.00 and has touched a high and low of Rs. 2547.65 and Rs. 2529.65 respectively. So far 5420 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2895.35 on 16-Feb-2021 and a 52 week low of Rs. 1486.45 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 2570.00 and Rs. 2440.05 respectively. The current market cap of the company is Rs. 456592.74 crore.

The Institutions and Non-Institutions held 88.91% and 10.88% stake respectively in the company.

Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 7,000 crore by issuing bonds on private placement basis. The base issue size for the secured redeemable non-convertible debentures (NCDs) is Rs 5,000 crore with option to retain oversubscription of up to Rs 2,000 crore. The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation.

HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.

Please share this news
<div id="taboola-below-article-thumbnails"></div>
<script type="text/javascript">
  window._taboola = window._taboola || [];
  _taboola.push({
    mode: 'thumbnails-a',
    container: 'taboola-below-article-thumbnails',
    placement: 'Below Article Thumbnails',
    target_type: 'mix'
  });
</script>