REG - Housing Dev Fin Corp - Outcome of Board Meeting

Housing Development FinanceAnnouncement

27/03/2023 10:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230327:nRSa3162Ua&default-theme=true

RNS Number : 3162U  Housing Development Fin. Corp. Ltd.  27 March 2023

Ref. No. SE/2022-----23/342

 

March 27, 2023

 

BSE Limited
                  National Stock Exchange of India Limited

P. J. Towers,
                                    Exchange
Plaza, Plot No. C/1,

Dalal
Street,
Bandra-Kurla Complex, Bandra (East),

Mumbai 400
001.
Mumbai 400 051.

 

Kind Attn: - Sr. General Manager                          Kind
Attn: Head - Listing

                             DCS - Listing
Department

 

Dear Sirs,

 

Sub:     Outcome of Board Meeting

 

We wish to inform you that at the meeting of the Board of Directors of the
Corporation held today i.e., on March 27, 2023, the Board granted its approval
inter alia for the following:

 

(i)   Issuance of unsecured redeemable non-convertible debentures under a
Shelf Placement Memorandum, aggregating Rs. 57,000 crore, in various tranches,
on a private placement basis, in accordance with the approval granted by the
shareholders of the Corporation at the 45(th) Annual General Meeting held on
June 30, 2022; and

 

(ii)   Increase in the overall borrowing powers of the Corporation from Rs.
6.00 lac crore to Rs. 6.50 lac crore, outstanding at any point of time and
recommended the same for approval of the Members of the Corporation by way of
postal ballot. The said decision was taken since the outstanding borrowings of
the Corporation as on date is approx. Rs. 5.70 lac crore and the Corporation
would need to borrow further for its business purposes till the effective date
of merger.

 

Please note that the Board meeting commenced at 12.30 p.m. and concluded at
1.45 p.m.

 

We request you to take note of the above and arrange to bring this to the
notice of all concerned.

 

Thank you,

 

Yours faithfully,

 

For Housing Development Finance Corporation Limited

 

 

 

Ajay Agarwal

Company Secretary

 

Encl: a.a.

 

cc:        London Stock Exchange

            10, Paternoster Square

London EC4M 7LS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ROMVDLBLXXLEBBD