Dewan Housing Finance Corporation (DHFC), one of the leading housing finance companies in India, has decided to raise Rs 375 crore by issuing non-convertible debentures on a private placement basis. The company has proposed to issue 3750 Secured Non-Convertible Redeemable Debentures with a face value of Rs 10 lakh each aggregating to Rs 375 crore including Greenshoe option on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 31st Annual General Meeting held on July 23, 2015, on the terms and conditions.
Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.
