Dewan Housing Finance Corporation (DHFL) has received an approval for raising funds up to Rs 8500 crore through debentures. The company will raise funds by issuing Non-Convertible Secured/Unsecured Debentures, upto an amount of Rs.7,500 crore, Non-Convertible Subordinated Unsecured Debentures, upto an amount of Rs. 500 crore and Non-Convertible Perpetual Unsecured Debentures, upto an amount of Rs. 500 crore. The board of directors at their meeting held on July 21, 2017, has approved for the same.
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.
