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Can Fin Homes mulls raising Rs 6K cr

Press Trust of India  |  New Delhi 

Canara Bank's subsidiary, will raise up to Rs 6,000 crore by issuing bonds.

said the board of directors at the meeting held today considered a proposal of raising funds up to Rs 6,000 crore by issuing secured redeemable non-convertible debentures on private placement basis.

It will place the proposal at the ensuing annual general meeting on June 28, it said in a regulatory filing.

The company however did not give details about usage of proceeds to be raised.

The housing company offers loans both for housing and non-housing purposes.

It has also been permitted by National Housing to accept from public.

Stock of the company closed 4.55 per cent up at Rs 2,782.40 on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 15 2017. 18:44 IST