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DHFL gets nod to raise funds via NCDs

Dewan Housing Finance Corporation (DHFL) has received approval for issuance on Private Placement basis of Non-Convertible Secured/Unsecured Redeemable Debentures (NCDs) worth Rs 10,000 crore, NonConvertible Subordinated Unsecured Debentures (NCDs) worth Rs 1,000 crore and Non-Convertible Perpetual Unsecured Debentures (NCDs) worth Rs 1,000 crore depending upon the prevailing market conditions and business requirements of the company.

The Board of Directors of the company at their meeting held on November 21, 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.



This post first appeared on Daily Kiran, please read the originial post: here

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DHFL gets nod to raise funds via NCDs

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