Dewan Housing Finance Corporation Ltd to issue NCDs upto Rs. 500 crores

Dewan Housing Finance Corporation Ltd proposes to issue Unsecured Non Convertible Redeemable Debentures in the nature of Subordinated Debt to be issued at par aggregating to Rs.400.00 crores plus green shoe option of upto an amount Rs. 100 Crore. on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 31st Annual General Meeting held on July 23, 2015, on the terms and conditions.

Shares of DEWAN HOUSING FINANCE CORPORATION LTD. was last trading in BSE at Rs.198.15 as compared to the previous close of Rs. 200.05. The total number of shares traded during the day was 208528 in over 3115 trades.

The stock hit an intraday high of Rs. 201.8 and intraday low of 193.6. The net turnover during the day was Rs. 41304874.

Source : Equity Bulls

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