Dewan Housing Finance Corporation Ltd (DHFL) today said it will raise Rs 125 crore through private placement of debentures.
The company said the proposed fund raising is an upward revision of its earlier plan of Rs 25 crore.
"...The Company now proposes to revise the said issue (of Rs 25 crore) to 1,250 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 125 crore including green-shoe option to the extent of Rs 50 crore on private placement basis", it said.
Shares of DHFL today closed 1.29 per cent higher at Rs 177.25 apiece on BSE.
