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Dewan Housing Finance Corp Ltd Announces Private Placement of Secured and Unsecured Debentures

Wednesday, 30 Jan 2013 03:59am EST 

Dewan Housing Finance Corp Ltd announced that the Board of Directors of the Company at its meeting held on January 30, 2013 has considered borrowings by way of Private Placement of Secured Debentures upto an amount not exceeding INR3000 crore (INR30 billion), in one or more tranches (including an option to retain over-subscription for issuance of additional NCDs, in such manner as the Board may at its sole discretion determine); Borrowing by way of issue of Unsecured Redeemable Non-Convertible Subordinated Debentures (Tier II) upto an aggregate value of INR1,000 crore ( INR10 billion) on private placement basis. 

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