HDFC Life: HDFC Life to raise Rs 1,500 crore through NCDs
Mumbai: HDFC Life Insurance will raise ₹1,500 crore through non-convertible debentures (NCDs) after its board approved the plan on Friday. The insurer will issue ₹1,000 crore in NCDs, with an option to raise an additional ₹500 crore via a greenshoe option, all on a private placement basis. The NCDs, carrying a coupon rate of 8.05% … Read more
