Can Fin Homes has received an approval for issuance of redeemable, secured or unsecured Non-Convertible Debentures (NCDs)/bonds, sub-ordinated debt/in the nature of Tier II NCDs/bonds, onshore and/or offshore, denominated in Indian Rupees and/or any Foreign Currency, for cash, either at par or premium or at a discount to face value, up to an amount not exceeding Rs 6,000 crore. The Board of the company at its meeting held on May 22, 2019, approved the same.
The Board also approved further issue of shares/specified securities through rights/qualified institutions placement and/or preferential allotment basis or any other mode or any combination thereof, for an amount not exceeding Rs 1000 crore, including premium, subject to approval of members.
Can Fin Homes is a Housing Finance Company. The company offers finance for construction of a house, loan for the purchase of a flat or house, finance for the acquisition of a plot and construction of a house on the same.
