HDFC Life to finalise terms for proposed ₹750 crore subordinated debt issue on Dec 8

HDFC Life to Finalise Terms for Proposed ₹750 Crore Subordinated Debt Issue on December 8

The company has scheduled a meeting of its Capital Raising Committee (CRC) on December 8, 2025, to approve the commercial terms for its proposed subordinated debt issuance of up to ₹750 crore.

Background

HDFC Life Insurance Company Ltd had earlier communicated in October 2025 that its board of directors granted in-principle approval to raise funds through subordinated debt instruments in the form of Non-convertible Debentures.

Key Features of the Proposed Subordinated Debt Issue

• Unsecured and rated
• Rated, listed, redeemable, fully paid-up, non-cumulative, subordinated, non-convertible debentures
• Private placement basis, may be executed in one or more tranches

Recent Financial Performance

HDFC Life reported a 3.2% year-on-year increase in profit after tax (PAT) for the second quarter of FY26, reaching ₹449 crore.

Second Quarter Results Highlights

• Net premium income (NPI) rose over 13% to ₹18,871 crore
• Total new business premiums, including individual and group segments, rose 12% to ₹16,222 crore
• Renewal premiums increased 18% to ₹17,940 crore, resulting in total premiums of ₹34,162 crore, a 15% YoY gain

Shares Performance

Shares of HDFC Life Insurance Company Ltd ended at ₹759.00, down by ₹7.70, or 1.00%, on the BSE.