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DHFL to raise up to Rs 500 cr from NCDs

Press Trust of India  |  New Delhi 

Dewan Housing Corporation Ltd (DHFL) today said it proposes to raise up to Rs 500 crore from debentures to fund business expansion.

The company plans to issue secured redeemable non-convertible debentures amounting to Rs 500 crore including a greenshoe option of up to Rs 250 crore on a private placement basis, DHFL said in a filing to stock exchanges.

This is pursuant to special resolution passed by the shareholders of the company at the Meeting held on July 21, 2017, it added.

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

First Published: Fri, March 09 2018. 22:25 IST