HDB Financial Services Limited has informed the Exchange regarding allotment of 17500 securities pursuant to Non Convertible Securities at its meeting held on July 17, 2025
HDBFS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
HDB Financial Services has allotted 17,500 secured redeemable non-convertible debentures (NCDs) on a private placement basis at a face value of Rs. 1,00,000 each, aggregating to Rs. 175 crore. Including premium and accrued interest, the total pay-in amount is approximately Rs. 179.86 crore. The NCDs carry a coupon of 7.65% per annum with a residual tenure of 1,023 days, maturing on May 5, 2028, and are secured by a first and exclusive charge on the company's receivables with a minimum 1.0x asset cover. The instrument (ISIN: INE756I07FC4) is proposed to be listed on the Wholesale Debt Market Segment of BSE.
This is a routine private debt raise by HDB Financial Services to fund its lending operations. Since the 7.65% coupon is in line with prevailing market rates for NBFC paper, the allotment is unlikely to materially move the equity stock price. Existing shareholders are not affected as the NCDs are non-convertible and privately placed.