DHFL plans to raise Rs 300 crore on private placement

NEW DELHI: Dewan Housing Finance Corporation ( DHFL) today said it is looking to raise up to Rs 300 crore by issuing bonds on private placement basis.

"The company proposes to issue secured redeemable non convertible debentures amounting to Rs 200 crore and a greenshoe option of up to Rs 100 crore on private placement basis," DHFL said in a regulatory filing.

The fund raising plan is pursuant to special resolution passed by shareholders at the annual general meeting held last week, it said.

DHFL shares were trading 0.62 per cent up at Rs 226.50 on BSE.