HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 5.1 billion Indian rupees through the allotment on non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.
The company allotted 51,000 non-convertible debentures at a face value of 100,000 rupees each at a coupon rate of 8.33% per annum.
The debentures are proposed to be listed on the wholesale debt market segment of the BSE and are scheduled to mature on Aug. 6, 2027.
The company's shares were up nearly 1% in recent trade.
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