Dewan Housing Finance Corporation (DHFL) has proposed to issue Secured Redeemable Non-Convertible Debentures amounting to Rs 150.00 crore on Private Placement basis, pursuant to special resolution passed by the shareholders of the company at the 32nd Annual General Meeting held on July 20, 2016, on the terms and conditions.
The issue will be open on June 21, 2017 and close on the same day. The bond to be listed on National Stock Exchange (NSE) will be issued for tenure of 1095 days. The bond has been assigned rating of ‘AAA’ by CARE and Brickworks Ratings.
Dewan Housing Finance Corporation (DHFL) is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.
