HDB Financial Services Allots Secured NCDs of Rs. 3,25 Crore on Private Placement Basis
HDB Financial Services Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee, during a meeting held on April 28, 2026, finalized the allocation of 32,500 NCDs.The NCDs carry a face value of Rs. 1,00,000/- each, resulting in a total aggregate issue size of Rs. 3,25,00,00,000/-.
The debentures are set to be listed on the Wholesale Debt Market Segment of BSE Limited. Key details regarding the issued instruments are provided below.
| Detail | Specification |
|---|---|
| Size of the Issue | 32,500 NCDs of face value of Rs. 1,00,000/- each |
| Aggregate Value | Rs. 3,25,00,00,000/- |
| ISIN | INE756I07FN1 |
| Tenure | 762 Days |
| Date of Allotment | Tuesday, April 28, 2026 |
| Date of Maturity | Monday, May 29, 2028 |
| Coupon/Interest Offered | 7.5800% (XIRR 7.5807%) |
| Security/Charge | First and exclusive charge by way of hypothecation over present and future receivables of the Issuer, maintaining a minimum asset cover of 1 time of the principal outstanding and interest accrued but not paid. |
| Redemption | Redeemable at Par on maturity |
The payment schedule for the coupon/interest and principal is structured across several dates, including May 28, 2026, May 28, 2027, and May 29, 2028, with the final payment occurring on maturity, May 29, 2028.
The allotment of the debentures marks a significant capital structure enhancement for the financial services firm.
HDBFS Stock Price Movement
Shares of HDB Financial Services Limited are gaining ground in live trading, edging higher to ₹673.2 as of 12:42 PM today, up 0.46%. The robust momentum driving the stock is supported by 176,752 shares traded in the morning session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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