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HDFC raises Rs 500 crore via masala bonds

HDFC raises Rs 500 crore via masala bonds

Mortgage lender HDFC has said that it has raised Rs 500 crore through rupee-denominated bonds from overseas investors. “The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs 500 crore,” HDFC said in a regulatory filing to stock exchanges.

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HUL sells iconic headquarters

HUL sells iconic headquarters

India´s largest consumer goods company Hindustan Unilever has sold its erstwhile headquarters Lever House at Churchgate in south Mumbai to its current tenant, Housing Development Finance Corporation, for around Rs 300 crore.

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Fundamentals revisited

Fundamentals revisited

Most banks have shown resilience, preventing further deterioration in asset quality in the fourth quarter. The same quarter also proved to be healthy in terms of recovery for most PSU banks

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Net profit of HDFC rises 17%

Net profit of HDFC rises 17%

Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per

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Firms raise more capital through NCDs

Firms raise more capital through NCDs

Reports indicate that companies raised more than Rs 35,000 crore through issue of non-convertible debentures (NCDs) in 2012, which is higher than the Rs 12,753 crore garnered in the preceding year. Recently, HDFC issued Rs 250 crore NCDs with a green shoe option to raise another Rs 250 crore.The mortgage lender raised the amount to meet general corp