Housing Development Finance Corporation Re104 billion QIP issue

5/10/2015
Private placement of shares, Qualified institutional placement (QIP)

Re 104 billion

$ 1.62 billion

Completed

5/10/2015


Overview:

  • Housing Development Finance Corporation (HDFC) has undertaken a Re104 billion qualified institutional placement (QIP).
  • The issue consisted of 5000 1.43% secured redeemable non-convertible debentures valued at Re10 million each due in March 2017.
  • Each note is exchangeable for one equity share with an issue price of Re14 per warrant and an exchange price of Re1,475 per warrant.
  • HDFC is one of the largest housing finance companies in India.

Katrin Kostadinova - Data analyst

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work
REGISTER NOW

Sign in