Dewan Housing advances 2% on fund raising plan
NBFC said that the issue would have a Greenshoe option of up to Rs. 300 crore.
By ETMarkets.com | Updated:
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The NBFC is hopeful of sustaining 30 per cent growth in disbursements and 20 per cent increase in AUM for FY2018..
NEW DELHI: Shares of Dewan Housing Finance Corporation rose over 2 per cent in Wednesday's trade after the company informed BSE that it is looking to issue secured redeemable non-convertible debentures amounting to Rs 75 crore.
Following the announcement, the stock rose 2.17 per cent to hit a high of Rs 622.80 on BSE. However, the scrip declined later and closed Wednesday's session 0.36 per cent down at Rs 607.35.
The NBFC said that the issue would have a Greenshoe option of up to Rs. 300 crore on a private placement basis, pursuant to special resolution passed by the shareholders of the company at the 33rd Annual General Meeting held on July 21, 2017
The loan book of the company rose 25 per cent YoY to Rs 81,390 crore in September quarter from Rs 65,346 crore in the year-ago quarter.
The NBFC is hopeful of sustaining 30 per cent growth in disbursements and 20 per cent increase in AUM for FY2018. During the September quarter, the NBFC maintained its asset quality, as Gross NPA stood flat at 0.96 per cent, while on net basis, NPA was nil.
Following the announcement, the stock rose 2.17 per cent to hit a high of Rs 622.80 on BSE. However, the scrip declined later and closed Wednesday's session 0.36 per cent down at Rs 607.35.
The NBFC said that the issue would have a Greenshoe option of up to Rs. 300 crore on a private placement basis, pursuant to special resolution passed by the shareholders of the company at the 33rd Annual General Meeting held on July 21, 2017
The loan book of the company rose 25 per cent YoY to Rs 81,390 crore in September quarter from Rs 65,346 crore in the year-ago quarter.
The NBFC is hopeful of sustaining 30 per cent growth in disbursements and 20 per cent increase in AUM for FY2018. During the September quarter, the NBFC maintained its asset quality, as Gross NPA stood flat at 0.96 per cent, while on net basis, NPA was nil.
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