Dewan Housing Finance Corporation (DHFL) is planning to raise funds through equity share sale or other means as part of the debt resolution plan of the company. The company’s board is scheduled to hold meeting on August 30, 2019 to consider the same. The fund mop-up can also be through any other permissible mode or a combination of prospectus/placement document or letter of offer or any other permissible offer.
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.
