Board of Dewan Housing Finance Corporation approves fund raising proposals

At meeting held on 30 April 2018

Dewan Housing Finance Corporation announced that the Board of the company has approved the proposal of raising of funds by way of a public issue of Secured Redeemable Non-Convertible Debentures ("NCDs") of face value Rs. 1,000 each, subject to the receipt of necessary approvals, for an amount upto Rs.15,OOO crore (including the green shoe option), in one or more tranches.

The Board has approved the issuance of Non-Convertible Secured Redeemable Debentures, upto an amount of Rs. 5,000 crore on private placement basis; and the issuance of Non-Convertible Perpetual Unsecured Debentures, upto an amount of Rs. 500 crore on private placement basis.

 

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