Dewan Housing Finance Corporation (DHFL) 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.