HDB Financial Services Allots ₹175 Crore NCDs On Private Placement; Shares Fall 0.91%

Mumbai, March 12: HDB Financial Services Limited allotted secured redeemable non-convertible debentures aggregating ₹175 crore on Thursday through a private placement, according to a regulatory disclosure submitted to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Debenture Allotment Committee approved the issuance of 17,500 secured NCDs with a face value of ₹1,00,000 each, taking the total issue size to ₹175,00,00,000. The instruments carry a coupon rate of 7.6000% with XIRR of 7.5968%.

The debentures will have a tenure of 1,818 days and are scheduled to mature on March 4, 2031. Interest payments are structured on an annual basis, payable on March 4, 2027, March 4, 2028, March 4, 2029 and March 4, 2030, with the final payment along with principal redemption due on March 4, 2031.

As per the disclosure, the securities will be listed on the Wholesale Debt Market segment of BSE Limited. The debentures will be secured by a first and exclusive charge through hypothecation over present and future receivables of the issuer, maintaining a minimum asset cover of one time of the outstanding principal and accrued interest.

Share Price Movement

HDB Financial Services share price closed lower on March 12, 2026, reflecting mild market reaction following the fundraising disclosure.

According to exchange data, the stock settled at ₹650.60, down 0.91% from the previous close of ₹656.55. The decline amounted to ₹5.95 per share.

During the session so far the stock traded between ₹640.30 and ₹653.45, while opening at ₹653.00. The price movement indicates a modest adjustment as the market absorbed the latest debt issuance update.

Company Background

HDB Financial Services Limited operates as a non-banking financial company engaged in consumer lending, enterprise finance and asset backed financing across India. The company provides a range of secured and unsecured lending products including personal loans, vehicle loans, gold loans and business financing.

The company periodically raises funds through secured non-convertible debentures and other debt instruments to support loan book expansion and maintain liquidity buffers in line with regulatory capital and asset liability management requirements.

Such issuances are typically structured through private placements with institutional investors and subsequently listed on the wholesale debt market for transparency and secondary market trading.

Conclusion

The ₹175 crore NCD allotment forms part of HDB Financial Services’ ongoing funding programme aimed at strengthening its lending capacity and diversifying borrowing sources. The instruments carry a five-year maturity profile with annual coupon servicing and redemption at par on maturity.

While the debt placement reflects continued access to institutional capital markets, the company’s equity closed marginally lower on March 12, 2026, as investors reacted to the latest fundraising disclosure.

Source: 

• https://www.nseindia.com/get-quote/equity/HDBFS/HDB-Financial-Services-Limited
• https://nsearchives.nseindia.com/corporate/HDBF_12032026123143_Intimation_under_Regulation_30_ _Allotment_of_NCDs_sd.pdf