New Delhi, Feb. 5 -- HDFC Life Insurance Company has approved the issuance of non-convertible debentures (NCDs) worth Rs 900 crore on a private placement basis, said the company in an exchange filing.

This decision was taken during the Capital Raising Committee (CRC) meeting held on February 5, 2025.

Earlier, the company had informed about this meeting through an intimation dated February 1, 2025. The issuance is part of HDFC Life's plan to raise funds up to Rs 2,000 crore, which was approved by its Board of Directors on July 15, 2024. The latest tranche is the second series of this fundraising initiative.

Non-convertible debentures (NCDs) are debt instruments that cannot be converted into shares or equity. They are issued by companies...