India’s Housing Development board approves Rs. 750 billion debentures

Chicago, Nov. 3 – Housing Development Finance Corp. Ltd.’s board granted approval of the issuance of around Rs. 750 billion in secured, non-convertible debentures under a shelf, according to a notice.

Placement would be on a private placement basis in various tranches.

The Mumbai-based issuer provides housing financing to individuals and lease finance facilities to the corporate sector for plant and machinery, energy generation and other assets.

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