HDFC Life Insurance Company trades in green on raising Rs 350 crore via NCDs
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HDFC Life Insurance Co is currently trading at Rs. 554.95, up by 3.10 points or 0.56% from its previous closing of Rs. 551.85 on the BSE.
The scrip opened at Rs. 551.85 and has touched a high and low of Rs. 559.80 and Rs. 549.70 respectively. So far 36591 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.65 on 02-Sep-2021 and a 52 week low of Rs. 497.30 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 571.10 and Rs. 546.25 respectively. The current market cap of the company is Rs. 117513.53 crore.
The promoters holding in the company stood at 51.53%, while Institutions and Non-Institutions held 34.12% and 14.35% respectively.
HDFC Life Insurance Company has raised Rs 350 crore by allotting 3,500 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-convertible debentures (NCDs), each having a face value of Rs 10 lakh for cash, at par, in dematerialized form, on private placement basis. The Capital Raising Committee (CRC) of the Board of Directors of the company has approved and allotted the same on June 22, 2022.
HDFC Life Insurance Company is one of the leading life insurance companies in India offering a range of individual and group insurance solutions that meet various customer needs such as Protection, Pension, Savings & Investment and Health, along with Children's and Women's Plan.
