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DHFL gets nod to raise funds up to Rs 2,000 crore

Dewan Housing Finance Corporation (DHFL) has received an approval to raise funds up to Rs 2,000 crore in one or more tranches. The board of the company in its meeting held on May 04, 2019 approved the same.

The Board has constituted a sub-committee named ‘Special Committee for Issuance of Securities’ and authorised the said Committee to decide upon various factors viz. mode, pricing, terms & conditions and other allied matters in respect of the said issuance.

DHFL is one of India’s premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

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