HDFC Board gives nod to isssue NCDs worth Rs. 35000 crores

Pursuant to the approval of the shareholders of Housing Development Finance Corporation Ltd at the 38th Annual General Meeting held on July 28, 2015, the Board at its meeting held on January 27, 2016, also granted its approval for issuance of Secured Redeemable Non-convertible Debentures (NCD) aggregating to Rs. 35,000 crore on a private placement basis under a Shelf Disclosure Document in terms of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008.

As per the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in Securities of the Corporation by its Employees / Directors will open from January 30, 2016.

Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.1148.2 as compared to the previous close of Rs. 1167.7. The total number of shares traded during the day was 127127 in over 3798 trades.

The stock hit an intraday high of Rs. 1158.1 and intraday low of 1136.9. The net turnover during the day was Rs. 145945138.

Source : Equity Bulls

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