MoneyWorks4Me

DHFL raises Rs 809.61 crore from institutional investors

05 Mar 2015 Evaluate

Dewan Housing Finance Corporation (DHFL) has raised Rs 809.61 crore by issuing shares to institutional investors. The company has issued and allotted 1,69,31,102 equity shares to the Qualified Institutional Buyers (QIBs) at a price of Rs 478.18 per equity share, including a premium, aggregating to Rs 809.61 crore.

Further, the company paid-up equity capital has increased to Rs 145.67 crore consequent to the allotment of shares to the QIBs.

Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.

 

Peers