The funds will be raised through issuance of secured redeemable non-convertible debentures (NCDs).Mumbai:The HDFC's Board will consider raising Rs 45,000 crore through issuance of secured redeemable non-convertible debentures (NCDs).
Accordingly, company's Board will consider issuance of NCDs on private placement basis in a meeting on January 29, 2019."The board of directors of corporation shall consider issuance of secured redeemable non-convertible debentures, in various tranches under Shelf Disclosure Document, aggregation Rs 45,000 crore on a private placement basis in accordance with approval granted by shareholders of corporation at 41st Annual General Meeting held on July 30, 2018," company said in a regulatory filing to BSE on Wednesday.