HDFC Life Insurance Company Limited announced that the Capital Raising Committee (CRC) of the Board of Directors the company vide its
resolution June 22, 2022, allotted 3,500 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-convertible debentures, each having a face value of INR 1,000,000 for an aggregate nominal value of INR 3,500,000,000 for cash, at par, in dematerialised form, on private placement basis to the identified parties. The claims of the holders of the Debentures shall be superior to the claims of the investors in preference shares and equity shares in that order but shall be subordinated to the claims of the policyholders and all other creditors. The Debentures proposed to be issued shall neither be secured nor covered by a guarantee of the Company or other arrangements that legally enhance the seniority of the claims as against the claims of the Company's policyholders and all other creditors. Deemed Date of Allotment is June 22, 2022. Purpose: To further strengthen the solvency of the Company. Tenure: 10 years from the deemed date of allotment of the Debentures, subject to the exercise of any Call Option by the company. Call Option Price: At par (INR 1,000,000) per Debenture) (No incentives shall be payable on exercise of call option). Coupon Type and Rate: Fixed. 8.20% per annum.