Dewan Housing to raise $50mn via securities

The Dewan Housing Finance Corporation (DHFL) board at its meeting to held on  June 17, 2005, are to consider raising $50 million in any foreign currency in one or more tranches.

According to a DHFL release issued to the BSE, the company is vying several options to raise the amount, which includes offer and issue by way of private or preferential offerings, foreign currency bonds, debenture or warrants or any other securities, subject to shareholders approval.