Housing Development Finance Corporation Limited

500010

INE001A01036

Housing Development Finance : to Seek Shareholders' Approval for INR140 Billion Fund Raising

June 22, 2020 at 01:25 am EDT

By Kosaku Narioka

Housing Development Finance Corp. will seek shareholders' approval to raise up to 140 billion Indian rupees ($1.83 billion) through the issuance of equity or debt securities, it said Friday.

The Indian mortgage lender said the proceeds would be used to maintain liquidity and for general purposes.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

Latest news about Housing Development Finance Corporation Limited

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Housing Development Finance Corporation Limited(NSEI:HDFC) dropped from Nifty 50	23-07-12	CI
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HDFC to merge into HDFC Bank on July 1, create India’s financial behemoth	23-06-30	RE
Housing Development Finance Acquires 5.5% Stake in Xanadu Realty	23-06-29	MT
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Housing Development Finance Corporation (HDFC) specializes in real estate loan. Net sales (including intragroup) break down by activity as follows: - real estate loan (45.7%): INR 66.2 billion of granted loans in 2018/19; - life insurance (39%); - non life insurance (12.3%); - asset management (2.3%); - other (0.7%).

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