Dewan Housing Finance Corporation (DHFL) has received an approval to raise funds up to an amount of Rs 12,000 crore by issuing bonds on a private placement basis, of which Rs 10,000 crore is proposed to be raised by floating Non-Convertible secured/unsecured redeemable debentures.
The Board of Directors of the company at their meeting held on June 27, 2018, approved the same.
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.
