Dewan Housing Finance Corporation (DHFL) has raised Rs 300 crore on private placement basis. The Members of the Finance Committee of the Board of Directors of the company at their meeting held on March 22, 2018, have allotted 3000 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 300 crore.
The date of Maturity is March 25, 2019 and the tenure of NCDs is 1 year 3 days. The rating agency, CARE has assigned ‘AAA; stable’ rating 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.
