HDB Financial Services raises ₹3,000 crore via NCD allotment
pre-market1 source ↓written by the desknot a recommendation
- through the allotment
- ₹3,000 crore
- to institutional investors
- 30,000 Non-Convertible Debentures (NCDs)
HDB Financial Services has successfully raised ₹3,000 crore through the allotment of 30,000 Non-Convertible Debentures (NCDs) to institutional investors. These debt instruments will be listed on the BSE Wholesale Debt Market, enhancing the company’s liquidity and supporting its credit expansion strategy.
This capital raise indicates strong institutional demand for high-quality NBFC paper, positioning HDBFS favorably ahead of its anticipated public market debut.
Not investment advice. For informational purposes only.