DHFL to raise up to Rs 500 cr from NCD

Dewan Housing Finance Corporation (DHFL) plans to raise up to Rs 500 crore from debentures to fund its growth.

The company proposes to issue secured non convertible redeemable debentures at par aggregating to Rs 250 crore including green shoe option on private placement basis, DHFL said in a regulatory filing on stock exchanges.

The fund raising is pursuant to special resolution passed by the shareholders of the company at the Annual General Meeting held on July 23, 2015, it said.