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HDFC Ltd aims to raise Rs 5,000 cr through masala bonds

HDFC Ltd has been planning to raise Rs 5,000 crore through rupee denominated bonds (masala bonds).

HDFC has said in a filing that “The board of directors in its meeting on May 4 will consider the proposal for issuance of rupee denominated bonds to overseas investors up to an amount not exceeding Rs 5,000 crore under automatic route during 2017-18.”

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