Hindustan Petroleum Corporation Limited has informed the Exchange about issue of Securities
HINDPETRO · price
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On the reaction day the stock moved 3.0 pts less than Nifty Midcap 150 and 3.3 pts less than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HPCL has raised Rs. 2,500 Crores through a private placement of 2,50,000 unsecured, redeemable, non-convertible debentures on April 29, 2025. Each debenture has a face value and issue price of Rs. 1,00,000 (issued at par), carries a coupon of 6.73% per annum payable annually, and has a 5-year tenure maturing on April 29, 2030. The proceeds will be used for refinancing existing borrowings and/or funding capital expenditure, including recoupment of expenditure already incurred, along with general business purposes. The debentures are unsecured, with no default history, and will be listed on BSE and NSE.
This is a routine, non-dilutive debt raise at a competitive interest rate, reflecting HPCL's strong credit profile as a government-owned PSU. There is no impact on existing shareholders as no equity is being issued, and the use of proceeds for refinancing suggests efficient liability management.