REG - Housing Dev Fin Corp - Outcome - Committee of Directors Meeting

Housing Development FinanceAnnouncement

19/06/2020 12:45

RNS Number : 5375Q
  
Housing Development Fin. Corp. Ltd.
  
19 June 2020
  
 

Ref. No.: SE/2020-21/69
 
June 19, 2020
 
BSE Limited                                                          National Stock Exchange of India Limited
P. J. Towers                                                            Exchange Plaza, Plot No. C/1,
Dalal Street                                                            Bandra-Kurla Complex
Mumbai 400 001                                                   Bandra (East), Mumbai 400 051
 
Kind Attn: Sr. General Manager                      Kind Attn: Head - Listing 
DCS - Listing Department
 
Dear Sirs,
 
Ref:     Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
 
Sub:     Outcome of Meeting of Committee of Directors
 
With reference to our letter dated June 16, 2020, we wish to inform you that the Committee of Directors of the Corporation at its meeting held today i.e., June 19, 2020, approved seeking approval of Members of the Corporation through postal ballot for inter alia raising of funds not exceeding ` 14,000 crore, through issuance of equity shares or compulsorily convertible debentures, non-convertible debentures along with warrants, foreign currency convertible bonds or any other security, whether secured/unsecured or listed/unlisted, or a combination thereof, either through qualified institutions placement and/or any other permissible mode(s), in one or more tranches, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Securities and Exchange Board of India (Issue and Listing of Debt Securities) Regulations, 2008 and the Housing Finance Companies issuance of Non-Convertible Debentures on private placement basis (NHB) Directions, 2014, each as amended as well as other applicable regulations, subject to such other consents/sanctions/approvals, as may be required.
 
The said funds are being raised to augment the long-term resources of the Corporation, to finance organic and/or inorganic business opportunities that may arise in financial services including housing finance and/or in areas where its subsidiaries operate, to maintain sufficient liquidity and for general corporate purposes of the Corporation. 
 
The Postal Ballot Notice and other relevant information/documents will be submitted to you in due course.
 
Please note that the meeting commenced at 4.00 p.m. and concluded at 4.45 p.m.
 
We request you to kindly take note of the same and arrange to make necessary announcement.
 
Thanking you
 
Yours faithfully,
For Housing Development Finance Corporation Limited
 
 
Ajay Agarwal
Company Secretary
 
Cc:       London Stock Exchange,
10, Paternoster Square, London, EC4M7LS.


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