DHFL plans to raise Rs 300 cr on pvt placement

Dewan Housing Finance Corporation (DHFL) today said it is looking to raise up to Rs 300 crore by issuing bonds on private placement basis.
"The company proposes to issue secured redeemable non convertible debentures amounting to Rs 200 crore and a greenshoe option of up to Rs 100 crore on private placement basis," DHFL said in a regulatory filing.
The fund raising plan is pursuant to special resolution passed by shareholders at the annual general meeting held last week, it said.
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In a separate filing, DHFL has said the base issue size under its capital raise plans is Rs 175 crore, not Rs 200 crore.

"The company may read base issue size as Rs 175 crore (instead of Rs 200 crore) in respect of issue of secured redeemable non convertible debentures on private placement basis," it said.
It clarified that other details mentioned in the earlier filing remains unchanged.
Thus, the overall money to be raised by the company now comes down to Rs 275 crore.