HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 1.50 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Monday filing to the Indian stock exchanges.
The company allotted 15,000 non-convertible debentures of a face value of 100,000 rupees each at a coupon rate of 7.24%.
The debentures are proposed to be listed on the wholesale debt market segment of BSE and are scheduled to mature on Oct. 4, 2028.
The company's shares were up nearly 1% in recent trade.