Aspire Home Finance to raise Rs 500 cr via debt placement

Aspire Home Finance Corporation today said it plans to raise Rs 500 crore on a private placement basis.

The company's board of directors will meet on Wednesday to consider and approve the issue of up to 5,000 non-convertible debentures, the company informed the BSE.

"Aspire Home Finance Corporation Ltd...To consider and approve the offer, issue and allot up to 5,000 redeemable Non-Convertible Debentures (NCDs) of Rs 10,00,000 each aggregating to Rs 500 crore on private placement basis, in one or more tranches," it said in the filing.