non-convertible debentures

HDFC Life: HDFC Life to raise Rs 1,500 crore through NCDs

by
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

Adani Group: Adani Group can double local debt exposure: CFO

by
Adani Group: Adani Group can double local debt exposure: CFO

Mumbai: The Adani Group can double its debt exposure to the domestic capital markets to 10% of the conglomerate’s total loans so long as the instruments used to raise funds mature within five years, said the group’s chief financial officer, Jugeshinder Singh. Indian capital markets currently account for about 5% of Adani Group’s total outstanding … Read more