HDFC Life Insurance surges on getting nod to raise Rs 350 crore via NCDs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
HDFC Life Insurance Co is currently trading at Rs. 557.15, up by 5.90 points or 1.07% from its previous closing of Rs. 551.25 on the BSE.
The scrip opened at Rs. 548.05 and has touched a high and low of Rs. 558.50 and Rs. 546.25 respectively. So far 33083 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. 589.60 and Rs. 546.25 respectively. The current market cap of the company is Rs. 117534.66 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 received an approval for raising of funds through issuance of up to 3,500 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-convertible debentures (NCDs), each having a face value of Rs 10,00,000 for an aggregate nominal value of up to Rs 350 crore for cash, at par, in dematerialised form, on private placement basis. The Capital Raising Committee in its meeting held on June 17, 2022, has considered and approved the same.
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.
