India's largest mortgage lender HDFC Ltd plans to raise Rs 1,000 crore by issuing debentures on private placement basis to fund business growth.
The fund would be raised through secured redeemable non-convertible debentures, HDFC said in a regulatory filing today.
HDFC will allot the debentures to subscribers on July 15.
The object of the issue is to augment long-term resources of the company, it said.
Shares of the company closed 1.50 per cent higher at Rs 1,332.75 on BSE.
