Mumbai, February 5: HDFC Life plans to raise ₹900 crore through the issuance of non-convertible debentures (NCDs) via private placement to strengthen its capital base and fund future growth. The debentures will be offered in multiple series, expected to attract institutional investors, leveraging the company’s stability and strong reputation.
The funds raised will be utilized for general corporate purposes, in line with SEBI guidelines. HDFC Life aims to complete the placement process soon, marking a significant step in expanding its business and ensuring sustained growth in the competitive insurance sector.
