HDFC Life CRC to meet on July 23 for proposed Rs 600-cr fundraising plan

HDFC Life Insurance Company is scheduled to declare its earnings for first quarter of this fiscal year 2020-21 later in the day

The capital-raising committee of HDFC Life Insurance Company will meet on Thursday to consider raising funds up to Rs 600 crore through issuance of debentures.

In a regulatory filing, HDFC Life Insurance Company has said that a meeting of the capital raising committee (CRC) of the board of directors of the company is scheduled to be held on July 23 to approve the said borrowing plan.

The CRC meeting, it said, will consider and approve the proposed issuance of up to 6,000 unsecured, rated, listed, subordinated, redeemable, non-convertible fully paid-up debentures of the aggregate nominal value of up to Rs 600 crore,