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FINWIRES

HDB Financial Services Raises INR3.1 Billion Through Debenture Allotment

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HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 3.1 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis.

The company allotted 31,000 non-convertible debentures of face value of 100,000 rupees each at a coupon rate of 7.8324% per annum, according to a Friday filing to the Indian stock exchanges.

The debentures are scheduled to mature on July 04, 2031, and are proposed to be listed on the wholesale debt market segment of BSE.

Shares of the company fell over 2% in recent trade.

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