Can Fin Homes at its meeting hung on July 23, has authorised plan to raise as much as Rs. Five,000 crore
The board of directors accredited suggestion to difficulty bonds up to an quantity not exceeding Rs. 4,000 crore.
The bonds to be issued inside the nature of Tier II non-convertible debentures (NCDs) can be placed onshore or offshore, deniminated in Indian rupee or any overseas foreign money.
The board also approved similarly difficulty of shares/distinctive securities thru rights/qualified institutions placement and/or preferential allotment basis or every other mode for an amount now not exceeding Rs. A thousand crore
The housing financier will vicinity each the proposals earlier than the shareholders in its resulting annual general meeting.
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