Dewan Housing Finance Corporation plans to raise up to Rs 4,000 crore

Dewan Housing Finance Corporation proposes to raise up to Rs 4,000 crore through issue of debentures to fund business growth.

The board planning to raise upto Rs 3,000 crore by way of private placement of secured debentures in one or more tranches.

Besides, it also considered raising capital upto an aggregate value of Rs 1,000 crore by way of issue of unsecured redeemable non-convertible subordinated debentures, the company said.

Source: Business Standard