HDFC raises $1.1 billion ‘social loan’ for financing affordable housing segment

Mortgage lender HDFC Ltd on Friday said it has raised $1.1 billion (around Rs 8,700 crore) from a clutch of investors under ‘Syndicated Social Loan Facility’ to cater to the affordable housing segment.HDFC Ltd has raised the amount by way of external commercial borrowings (ECBs).

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