Dewan Housing Finance Corporation (DHFL) today said it will raise Rs 375 crore by issuing non-convertible debentures on a private placement basis.
"The company proposes to issue 3,750 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 375 crore, including green-shoe option on private placement basis," it said in regulatory filing.
The decision to raise the said amount of fund was taken at the company's Annual General Meeting held in July 23 last year.
Shares of the company closed 1.86 per cent higher at Rs 188.85 apiece on BSE today.
