Altico added its total borrowing from banks and financial institutions is Rs 4,361.55 crore as on September 12, 2019.
IL&FS and its subsidiaries have defaulted on many debt instruments over the past few months due to insufficient funds.
The issue has a base size of Rs 300 crore with an option to retain over subscription of up to Rs 10,000 crore, says a company statement.
The proceeds of the issue would be utilised for financing or refinancing the housing finance business, HDFC said.
- « First
- « Previous
- Next »
- Last »
1 of 1