You are here » Home » Companies » Company Overview » Dewan Housing Finance Corporation Ltd

Dewan Housing Finance Corporation Ltd.

BSE: 511072 Sector: Financials
NSE: DHFL ISIN Code: INE202B01012
BSE LIVE 13:29 | 18 Oct 593.65 3.65
(0.62%)
OPEN

586.00

HIGH

605.15

LOW

585.00

NSE 13:13 | 18 Oct 593.25 1.40
(0.24%)
OPEN

586.00

HIGH

606.00

LOW

584.40

OPEN 586.00
PREVIOUS CLOSE 590.00
VOLUME 332072
52-Week high 651.30
52-Week low 214.20
P/E 16.13
Mkt Cap.(Rs cr) 18,614
Buy Price 593.65
Buy Qty 197.00
Sell Price 594.00
Sell Qty 10.00
OPEN 586.00
CLOSE 590.00
VOLUME 332072
52-Week high 651.30
52-Week low 214.20
P/E 16.13
Mkt Cap.(Rs cr) 18,614
Buy Price 593.65
Buy Qty 197.00
Sell Price 594.00
Sell Qty 10.00

Dewan Housing Finance Corporation Ltd. (DHFL) - Company History

Incorporated in Maharashtra in 1984 as Dewan Housing Finance & Leasing Co, the company was renamed as Dewan Housing Development Finance in 1984, then after to Dewan Housing Finance Corporation (DHFC) with its registered office in Bombay. The company commenced its activities in Aug.'84 and has several branches all over India. It was promoted by the late Dewan Kuldip Singh Wadhawan and his family. The company is recognised as a private housing finance company by the Government of India and the RBI has also considered it eligible for refinance and financial support from the National Housing Bank. The company has been permitted by the RBI to accept NRI deposits. The company provides housing finance to individuals, co-operative societies, corporate bodies or their nominated employees, groups of persons, etc, and leases commercial and residential premises to reputed companies. For the first time in the history of housing finance, the company has introduced a housing loan, offering dual protection by way of accident risk cover and property insurance, free of cost to borrowers. It also offers financial support to develop infrastructure facilities and for slum development. During the year 2000-2001, the company also has issued 84,19,875 equity shares of Rs 10/- each at a premium of Rs 10/- per share aggregating to Rs 1684 lacs on rights basis. Further a product development team has been constituted for introducing innovative financial products to suit the need of various customer segments. Some of the products that are due for launch in the next financial year are Residential Plot Loans & Special Loan schemes for Women.