 "Repco Home Finance to raise $40 mn from IFC via bonds")
Repco Home Finance today said it will raise up to $40 million (about Rs 265 crore) by issuing debentures to World Bank arm IFC.
"The company proposes to raise up to $40 million by an issue of Non-Convertible Debentures (NCDs) to International Finance Corporation," the company said in a regulatory filing.
The fund will be utilised to finance its proposed housing projects.
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"The project is intended to support RHFL to increasing its reach and penetration in the affordable housing finance segment," it added.
Repco Home Finance (RHFL) shares were trading 2.04%, up at Rs 613.10 apiece on BSE during the afternoon session.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
