DHFL to raise Rs 1,500 cr via NCDs

Mortgage firm DHFL today said it plans to raise Rs 1,500 crore through non-convertible debentures (NCDs) to fund business expansion.

The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,500 crore on private placement basis, DHFL said in a statement.

This is following a special resolution passed by the shareholders of the company at the 32nd Annual General Meeting held on July 20, 2016, it said.