Dewan Housing Finance Corporation to consider Q3 results and private placement of NCDs

On 16 January 2017

Dewan Housing Finance Corporation announced that the meeting of the Board of Directors of the Company is scheduled to be held on 16 January 2017, inter alia, to consider and approve the following :

1. Un-audited Financial Results of the Company for the Third Quarter / Nine Months ended 31 December 2016 along with Limited Review Report thereon by the Statutory Auditors of the Company.

2. Pursuant to the authority entrusted upon the Board of Directors and within the limits as approved by the Members of the Company vide Special Resolution passed at the 32nd Annual General Meeting held on July 20, 2016, under the provisions of Section 42 and 71 of the Companies Act, 2013, the Board shall also consider the issuance of Non-Convertible Secured/Unsecured Debentures (NCDs) upto an amount of Rs. 5,000 crore, and Non-Convertible Subordinated Unsecured Debentures upto an amount of Rs. 1,000 crore, on private placement basis, till the date of next Board Meeting.

 

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