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Can Fin Homes' board to meet next week to consider raising up to Rs 6K cr

Press Trust of India  |  New Delhi 

Can Fin Homes' board will meet next week to consider raising up to Rs 6,000 crore through issuance of debentures on a private placement basis.

is a subsidiary of state-owned

"...The proposal is being placed to the board seeking approval for issuance of redeemable debentures up to an amount of Rs 6,000 crore, on private placement basis, in one or more tranches, subject to approval by members at the 31st annual general meeting scheduled on July 18, 2018," said in a regulatory filing.

Stock of were trading 1.29 per cent down at Rs 339.85 on BSE.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 11 2018. 12:40 IST