The company's new strategy comes in the backdrop of the prolonged slowdown in the real estate markets in the country
There are total 56 Indian companies on the list, with Reliance Industries ranked highest among them at 121st place globally
Issue of the NCDs to be on a private placement basis will open for a day on May 6
Its total assets grew by 14% to Rs 2, 88,753 crore in FY16 from Rs 2, 53,952 crore in FY15
Slow increase in non-individual loans a drag on overall growth
For the full fiscal, the net profit was up 16.29% at Rs 10,190.26 crore as against Rs 8,762.62 crore
The bonds with a tenor of five years, have April 26, 2021, as the redemption date
The forthcoming IPO of HDFC Standard Life will lead to higher value unlocking for the company.
Its subsidiary HDFC Standard Life announced plans to launch an IPO in which the company would sell 10% stake.
At 09:50 am, the stock was up 2.6% at Rs 1,156 on the BSE.
To sell 10% in HDFC Life
The company plans to make an additional one-time special provision of Rs 450 crore in Q4
The special provision was made on voluntarily and not on account of any regulatory requirement
In August last year, HDFC had said it will sell 9% stake in HDFC Life to Standard Life for a little over Rs 1,700 crore
In 2007, former equity dealer Nilesh Kapadia and three others were involved in front-running at HDFC MF
Goldman has downgraded the stock, expects net profit to grow at 10 per cent in FY16-18
The debt instruments are open for subscription for only those persons who are specifically addressed to apply
Post Q3FY16 results, the stock was down 11% against 3.7% decline in the benchmark index since January 27.