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18-May2018

DHFL rises on planning to raise Rs 50,000 crore in FY19

Dewan Housing Finance Corporation (DHFL) is currently trading at Rs. 620.30, up by 2.25 points or 0.36% from its previous closing of Rs. 618.05 on the BSE.

The scrip opened at Rs. 625.50 and has touched a high and low of Rs. 628.80 and Rs. 618.00 respectively. So far 41455 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 680.00 on 02-May-2018 and a 52 week low of Rs. 387.40 on 23-May-2017.

Last one week high and low of the scrip stood at Rs. 632.00 and Rs. 613.70 respectively. The current market cap of the company is Rs. 19404.50 crore.

The promoters holding in the company stood at 39.23%, while Institutions and Non-Institutions held 29.44% and 31.32% respectively.

Dewan Housing Finance Corporation is planning to raise Rs 50,000 crore through the debt market and bank borrowings in the current financial year in order to support business growth. Of this, the company is looking to raise up to Rs 12,000 crore through issuance of Non Convertible Debentures (NCDs) next week. The company had raised Rs 35,000 crore through bond issuances in FY18.

DHFL is one of India's premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.


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