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India's HDFC to consider $6.9 billion fund raise by issuing debt

Customers read a notice pasted outside a closed HDFC bank in Kolkata

BENGALURU (Reuters) - Housing Development Finance Corp, India's largest mortgage lender, said on Friday it would consider a fund raise on March 27 by issuance of non-convertible debentures of up to 570 billion rupees ($6.91 billion) on a private placement basis.

($1 = 82.4600 Indian rupees)

(Reporting by Nallur Sethuraman in Bengaluru; Editing by Rashmi Aich)