HLHDFC Life Insurance Company540777NCD issuance

Capital Raising Committee meets on November 16 to approve terms for subordinated NCDs up to ₹ 500 crore

HDFC Life has called a meeting of its Capital Raising Committee on Monday, November 16, 2026.

By ScoutQuest · Wed 11 Nov 2026, 8:14 PM IST · 2 min read

Proposed NCD Issue Size

up to ₹ 500 crore

Committee Meeting Date

Monday, November 16, 2026

Instrument / Route

subordinated Non-convertible Debentures (NCDs) on a private placement basis, in one or more tranches

What the company informed the exchanges

HDFC Life Insurance Company Limited has notified the stock exchanges that a meeting of the Capital Raising Committee (CRC) of its Board is scheduled for Monday, November 16, 2026. The committee will consider and approve the commercial terms for a proposed issuance of subordinated Non-convertible Debentures (NCDs).

Size and route of the proposed issue

• The amount involved is up to ₹ 500 crore (Indian Rupees five hundred crore only).
• The funds are proposed to be raised in one or more tranches.
• The route is a private placement, meaning the instruments are offered to select investors rather than to the general public.

How the instrument is described

The update describes the proposed NCDs as unsecured, rated, listed, redeemable, fully paid-up, non-cumulative and subordinated. In simple terms:

• Unsecured means the instrument is not backed by a specific asset of the company.
• Subordinated means the holders rank below ordinary creditors in the order of repayment.
• Redeemable means the instrument is repayable at maturity.
• Listed means the NCDs are proposed to be listed on an exchange.
• Non-cumulative refers to the interest not accumulating if it is not paid.

Background to this intimation

The company had communicated on October 15, 2026 that its Board had accorded in-principle approval to raise funds through subordinated debt instruments in the form of NCDs up to ₹ 500 crore, in one or more tranches, on a private placement basis. The detailed terms and conditions were to be finalised by the Capital Raising Committee. Today's letter follows from that approval and announces the committee meeting to take the terms forward.

What this step means

The notice is about a committee meeting to consider and approve commercial terms for the proposed issuance. The Board-level in-principle approval for raising up to ₹ 500 crore already exists; the November 16, 2026 meeting is the next step where the terms of the issuance are to be considered and approved.

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