HDFC Life Insurance Company Limited — Important, 05-02-2025: General Updates

The Capital Raising Committee of HDFC Life has approved the issuance of unsecured, rated, listed, subordinated, redeemable non-convertible debentures (NCDs) for a total amount of up to ₹1,000 crore. This includes up to 90,000 debentures, each with a face value of ₹1 lakh, aggregating to ₹900 crore, with an option for an additional ₹100 crore through a green shoe option. The NCDs will be executed on a private placement basis and are set to be listed on the WDM segment of the National Stock Exchange. The proposed tenure for the debentures is 10 years, with a callable option at the end of five years. This move is aimed at bolstering the company’s financial base, providing a positive outlook for liquidity and investment opportunities.