HDFC Life’s Capital Raising Committee has approved the issuance of non-convertible debentures up to ₹750 crore via private placement. This decision, made on December 08, 2025, involves issuing up to 70,000 unsecured, rated, listed, subordinated, redeemable debentures, each with a face value of ₹1,00,000. The debentures are proposed to be listed on the New Debt Market of the National Stock Exchange of India Ltd.
Debenture Issuance Approval
The Capital Raising Committee (CRC) of HDFC Life has approved a proposal on December 08, 2025, to raise funds through the issuance of subordinated debt instruments. This issuance will be in the form of Non-convertible Debentures (NCDs) up to ₹750,00,00,000 (Rupees seven hundred fifty crore only), on a private placement basis.
Terms of the Issuance
The issuance includes up to 70,000 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-cumulative, non-convertible debentures. Each debenture will have a face value of ₹1,00,000 (Rupees one lakh only), with an aggregate nominal value of up to ₹700,00,00,000/- (Rupees seven hundred crore only).
There is an option to retain additional subscription/ green shoe option of up to ₹50,00,00,000 (Rupees fifty crore only), collectively aggregating up to ₹750,00,00,000 (Rupees seven hundred fifty crore only) in dematerialised form.
Listing Details
The Non-convertible Debentures are proposed to be listed on the New Debt Market of the National Stock Exchange of India Ltd.
Source: BSE
