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DHFL plans to raise Rs 200 crore via NCDs

19 Aug 2016 Evaluate

Dewan Housing Finance Corporation (DHFL) is planning to raise Rs 200 crore. In this regard, the company has proposed to issue unsecured subordinated perpetual non-convertible debentures (NCDs) for Rs 200 crore with a greenshoe option of up to Rs 275 crore. The company is also planning to issue secured redeemable NCDs amounting to Rs 140 crore with a greenshoe option of up to Rs 10 crore on private placement basis.

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

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