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DHFL to raise Rs 2,000 cr from NCDs

The company proposes to issue secured redeemable NCDs amounting to Rs 1,500 crore plus a Greenshoe option of upto Rs 500 crore on private placement basis, DHFL said in a regulatory filing to stock exchanges.

August 30, 2018 / 09:57 PM IST
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Housing finance firm DHFL today said it plans to raise Rs 2,000 crore through non-convertible debentures (NCDs) to fund business growth.

The company proposes to issue secured redeemable NCDs amounting to Rs 1,500 crore plus a Greenshoe option of upto Rs 500 crore on private placement basis, DHFL said in a regulatory filing to stock exchanges.

It will carry a coupon rate of 9.27 per cent per annum, it said.

PTI
first published: Aug 30, 2018 09:55 pm

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