Dewan Housing Finance Corporation (DHFL) is planning to raise up to Rs 2,000 crore by issuing bonds on a private placement basis. The company has proposed to issue secured redeemable non-convertible debentures amounting to Rs 1,000 crore plus a greenshoe option of up to Rs 1,000 crore on private placement basis. The issue will open and close on August 30. The tenure of the bonds is four years.
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.
