DHFL to raise Rs 1,500 cr via NCDs

Press Trust of India  |  New Delhi 

Mortgage firm DHFL today said it plans to raise Rs 1,500 crore through non-convertible debentures (NCDs) to fund business expansion.

The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,500 crore on private placement basis, DHFL said in a statement.



This is following a special resolution passed by the shareholders of the company at the 32nd Annual General Meeting held on July 20, 2016, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

DHFL to raise Rs 1,500 cr via NCDs

Mortgage firm DHFL today said it plans to raise Rs 1,500 crore through non-convertible debentures (NCDs) to fund business expansion. The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,500 crore on private placement basis, DHFL said in a statement. This is following a special resolution passed by the shareholders of the company at the 32nd Annual General Meeting held on July 20, 2016, it said. Mortgage firm DHFL today said it plans to raise Rs 1,500 crore through non-convertible debentures (NCDs) to fund business expansion.

The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,500 crore on private placement basis, DHFL said in a statement.

This is following a special resolution passed by the shareholders of the company at the 32nd Annual General Meeting held on July 20, 2016, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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