DHFL to seek board's approval for raising up to Rs 6,300 cr

Dewan Housing Finance Corporation Ltd (DHFL) said on Monday, its board of directors will meet on May 4 to consider raising up to Rs 6,300 crore.

The meeting will be held on to consider and approve “... the issuance of secured redeemable non-convertible debentures up to an amount of Rs 5,000 crore, unsecured non-convertible debentures up to an amount of Rs 1,000 crore and perpetual debt up to an amount of Rs 300 crore, till the date of the next meeting”, it said in a regulatory filing.

The company had passed a special resolution at its Annual General Meeting, which was held on July 23, to consider upon the said proposals.

DHFL will announce the financial results for the quarter and the fiscal ended March 31, on May 4.

Scrip of the firm today closed 2.82 per cent lower at Rs 199.75 on BSE.