Dewan Housing Finance Corporation (DHFL) has proposed to issue secured redeemable non-convertible debentures (NCDs) amounting to Rs 75 crore including a greenshoe option of upto Rs 300 crore on private placement basis, pursuant to special resolution passed by the shareholders of the company at the 33rd annual general meeting held on July 21, 2017.
The issue will open on December 22 and close on the same day. The tenure of the securities is 1151 days. The rating agency CARE has put a rating of AAA to the said issue.
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.
Company Name | CMP |
---|---|
LIC Housing Finance | 642.40 |
Indiabulls Housing | 164.90 |
Housing & Urban Dev. | 195.00 |
PNB Housing Finance | 765.30 |
Can Fin Homes | 757.60 |
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