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HDFC aims to raise Rs 35,000 crore through NCDs

HDFC Ltd, the mortgage lender proposes to raise Rs 35,000 crore through NCDs for funding the business expansion.

HDFC has said in a regulatory filing that “The board has approved issuance of secured redeemable non-convertible debentures (NCDs) aggregating to Rs 35,000 crore on private placement basis.”

The shareholders of the company have already provided their approval for this.

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