Can Fin Homes has received an approval for raising of funds for an amount up to Rs 300 crore. The board of directors at its meeting held on July 24, 2014 has approved for the same.
The company will raise funds subject to receipt of necessary approvals from statutory, regulatory and other authorities, as applicable by way of issue of equity shares of the Company to its eligible shareholders on a rights basis in accordance with the applicable provisions of Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and other applicable laws.
Further, the board of directors would decide the terms and conditions of the Rights Issue, rights entitlement ratio, issue price, record date, and timing of the Rights Issue etc., as may be necessary.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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