Dewan Housing Finance Corporation today said it proposes to raise up to Rs 4,000 crore through issue of debentures to fund business growth.
The board considered raising an amount not exceeding Rs 3,000 crore by way of private placement of secured debentures in one or more tranches, Dewan Housing Finance Corporation said in a filing on the BSE.
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 said.
Meanwhile, the net profit of the company jumped by 21.70% to 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.
Loan sanctioned grew by 22.97% to Rs 3,922.13 crore during the third quarter as against Rs 3,189.53 crore in the corresponding quarter previous year.
For the first nine months of 2012-13, the housing finance firm has clocked 19.88% rise in net profit, to Rs 254.92 crore, from Rs 212.65 crore in the same period of the previous fiscal.
