The stock, after a positive opening, further gained 3.14 per cent to Rs 1,134.80 on BSE.
At NSE, shares of the company rose by 3.29 per cent to Rs 1,135.80.
It will raise the proceeds on a private placement basis by issuing secured redeemable NCDs, the company had said in a filing to BSE yesterday.
"The object of the issue is to augment the long-term resources of the corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the corporation", it said.
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