In a bid to fund its business growth, Dewan Housing Finance Corporation is planning to raise up to Rs 4,000 crore through issue of debentures.
Earlier, the company’s board had considered raising an amount not exceeding Rs 3,000 crore by way of private placement of secured debentures in one or more tranches. Besides, it also considered raising capital upto an aggregate value of Rs 1,000 crore by way of issue of unsecured redeemable non-convertible subordinated debentures.
The company reported 21.70% rise in its net profit at Rs. 91.24 crore for the third quarter ended December, 2012 as against Rs 74.97 crore in the corresponding quarter previous year. The total income of the company rose to Rs 840.64 crore during the third quarter from Rs 661.89 crore in the same period a year ago.
