HDFC will raise up to Rs.1.25 trillion during the current fiscal year through the issue of debt securities. This will be raised via the issue of NCDs and other hybrid instruments on private placement basis. This amount is likely to be raised in multiple tranches through the year based on the market conditions.

This is part of the overall plan of HDFC to raise resources as a war chest to address the post COVID challenges. HDFC will also seek approval from shareholders for the proposed sale of shares in its two subsidiary companies viz. HDFC Life Insurance Company and HDFC ERGO General Insurance Company with a view to monetizing its holdings in non-core businesses.