- 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