DHFL to raise Rs 375 crore

Dewan Housing Finance Corporation (DHFL) will raise Rs 375 crore by issuing non-convertible debentures on a private placement basis, according to a published media report.

“The company proposes to issue 3,750 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 375 crore, including a green-shoe option on private placement basis,” the company said in a regulatory filing on Tuesday.

The decision to raise the said amount of fund was taken at the company’s Annual General Meeting held on July 23 last year.