Dewan Housing Finance Corporation Ltd (DHFL), proposes to raise up to Rs.1,000 crore via non-convertible debentures on private placement basis.

The company provides housing finance to lower and middle income groups, and also provides wide range of different services like loan against property, business loans, plant and machinery loans and medical equipment loan.

In a BSE filing the company stated, “The company proposes to issue non-convertible subordinated unsecured debentures amounting to Rs 1000 crore on private placement basis..” Further, the issue will open on April 11 and will close on the same day.

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