Corporate News 22-Apr-22
Board of HDFC Life Insurance Company to consider issuance of NCDs
On 26 April 2022
The Board of HDFC Life Insurance Company will meet on 26 April 2022 to consider raising of funds by way of issuance of Non-Convertible debentures in the nature of subordinated debt as per IRDAI (Other Forms of Capital) Regulations, 2015. These funds are proposed to be raised to further strengthen the cash reserves of the Company post cash payout as part-consideration for acquisition of Exide Life Insurance Company.
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