Dewan Housing Finance to raise Rs 4,000 cr via NCDs

Dewan Housing Finance Corporation (DHFL) today said it is planning to raise Rs 4,000 crore through non-convertible debentures (NCD) to fund business growth.
The company proposes public issue of secured redeemable NCD of up to Rs 1,000 crore alongwith a green shoe option of up to Rs 3,000 crore, DHFL said in a regulatory filing.
This would be raised in one or more tranches as approved by the Board of Directors of the company on July 5, it said.