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Housing Development Finance Corp (HDFC) said that it has plans to raise Rs.4,000 crore via the private placement of securities.
The company has requested its shareholders' approval for issuance of warrants with redeemable, non-convertible debentures to qualified institutional buyers not exceeding Rs.4,000 crore..
The company's net profit for the quarter ended June 30 increased over 20% to Rs.565 crore, as compared to Rs.468 crore in the corresponding period last fiscal.
