DHFL to raise capital upto Rs 2,000 cr

On Saturday, Dewan Housing Finance Ltd (DHFL) said it will raise funds upto Rs 2,000 cr in one or more tranches.

DHFL is a deposit-taking housing finance company. In country, it is the second housing finance company. It headquarters is in Mumbai. DHFL was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.

DHFL said in a filing to the Bombay Stock Exchange (BSE), "The board of the company in its meeting on Saturday approved the proposal to raise capital upto Rs 2,000 cr".

DHFL added," 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".