Canara HSBC Life Insurance Company Limited has announced that a meeting of its Debt Raising Committee is scheduled for Friday, March 6, 2026. The committee will convene to approve the Key Information Document, which details the commercial terms for the proposed issuance of unsecured, subordinated, listed, rated, redeemable, non-cumulative, fully paid-up, non-convertible debentures (NCDs) in the nature of 'Subordinated Debt'. This issuance will be conducted on a private placement basis. This follows a previous Board of Directors' meeting on February 9, 2026, which constituted this committee to finalize documents for raising funds. Previously, on January 21, 2026, the Board had approved raising funds through subordinated debt instruments (NCDs) aggregating up to ₹250 crore (Indian Rupees two hundred fifty crores only) in one or more tranches via private placement.
