DHFL is among NBFCs whose ratings have been cut.
DHFL is among NBFCs whose ratings have been cut.

DHFL to raise up to 2,000 crore

  • DHFL board in its meeting on Saturday approved the proposal to raise capital up to 2,000 crore
  • The board has constituted a sub-committee to decide upon various factors viz. mode, pricing, terms & conditions

New Delhi: Dewan Housing Finance Ltd (DHFL) Saturday said it will raise funds up to 2,000 crore in one or more tranches.

The board of the company in its meeting on Saturday approved the proposal to raise capital up to 2,000 crore, DHFL said in a filing to the BSE.

"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," DHFL added.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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