HDFC raises $1.8B in landmark US private placement
after close1 source ↓written by the desknot a recommendation
- approximately
- ₹176.9 billion
- in its first
- $1.8 billion
- in equity
- ₹100 billion
- in non-convertible debt
- ₹36.93 billion
- in warrants
- ₹39.999 billion
HDFC, India's largest housing finance institution, raised ₹176.9 billion (approximately $1.8 billion) in its first US private placement. The offering included ₹100 billion in equity, ₹36.93 billion in non-convertible debt, and ₹39.999 billion in warrants. Proceeds will enhance liquidity during COVID-19 and support business opportunities.
This significant capital raise may bolster HDFC's market position and investor confidence in the housing finance sector.
Not investment advice. For informational purposes only.