Dewan Housing Finance Corporation Ltd (DHFL) is raising Rs304 crore through placement of shares to Qualified Institutional Buyers.
The company has decided to allot 1,19,09,873 equity shares of Rs10 each at Rs255.50 per equity share (including a premium of Rs245.50 per share) aggregating Rs304.29 crore.
Recently, the company announced it's plans to raise Rs500 crore through various instruments including ADG/GDR and right issue.
It was also planning to raise Rs200 crore to invest in greenfield real estate projects through its unit Arthveda Fund Management.
Dewan Housing Finance Corporation is a housing finance company. It provides housing finance and also carries on vertical businesses, such as insurance and property services. In 2010, it acquired Deutsche Post Bank Home Finance Ltd.
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The company has decided to allot 1,19,09,873 equity shares of Rs10 each at Rs255.50 per equity share (including a premium of Rs245.50 per share) aggregating Rs304.29 crore.
Recently, the company announced it's plans to raise Rs500 crore through various instruments including ADG/GDR and right issue.
It was also planning to raise Rs200 crore to invest in greenfield real estate projects through its unit Arthveda Fund Management.
Dewan Housing Finance Corporation is a housing finance company. It provides housing finance and also carries on vertical businesses, such as insurance and property services. In 2010, it acquired Deutsche Post Bank Home Finance Ltd.
....more info