The Board of Directors at HDFC Life has approved the issuance of Non-Convertible Debentures (NCDs) to raise up to ₹750 crore. This fund-raising initiative will be executed through subordinated debt instruments in one or more tranches via private placement. The decision, made at the board meeting held on October 15, 2025, aims to bolster the company’s capital structure and support its growth strategies within the regulatory framework set by SEBI and IRDAI.
NCD Issuance Approved
At a board meeting on October 15, 2025, the Board of Directors of HDFC Life approved raising funds via issuing Non-Convertible Debentures (NCDs). The company plans to raise up to ₹750 crore (Rupees seven hundred and fifty crore only) through the issuance of NCDs. The fund raising will be in the nature of subordinated debt instruments.
Private Placement Details
The issuance will take place in one or more tranches and will be done via private placement. The company will adhere to the regulations set by the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 and IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) Regulations, 2024. Additionally, other applicable regulations and circulars will be followed.
Meeting Timeline
The board meeting that led to this decision commenced at 1.15 p.m. and concluded at 3.15 p.m. on October 15, 2025.
Financial Performance Highlights (Q2 2026)
HDFC Life has also announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. These results have undergone a limited review by Joint Statutory Auditors of the Company, M/s G.M. Kapadia & Co. and M/s BSR & Co. LLP, Chartered Accountants.
Key Financial Figures (H1 2026)
For the half-year ended September 30, 2025, HDFC Life reported the following standalone results:
- Net Premium Income: ₹3,324.34 crore
- Income from Investments (net): ₹1,600.50 crore
- Profit After Tax: ₹99.36 crore
Source: BSE