HDFC approves raising of Rs. 35000 crores

The Board of Directors of Housing Development Finance Corporation Ltd at its meeting held on July 27, 2016, has 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.

Further the Company has informed that, in terms of the HDFC Share Dealing Code and the SEBI (Prohibition of Insider Trading) Regulations, 2015, the window for trading in the Securities of the Corporation for all the employees and directors of the Corporation will open from July 30, 2016.

Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.1387.8 as compared to the previous close of Rs. 1367.6. The total number of shares traded during the day was 158867 in over 6826 trades.

The stock hit an intraday high of Rs. 1398 and intraday low of 1371.5. The net turnover during the day was Rs. 219878513.

Source : Equity Bulls

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