DHFL to raise Rs 900 crore via loan portfolio sale
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DHFL owes Rs 35,000 crore to the banks while over Rs 60,000 crore is the current outstanding to the debt market, where banks, mutual funds, insurance companies and other investors have invested in the NCDs of the company.
DHFL to raise Rs 4,000 crores via non-convertible debentures The housing finance firm will be issuing secured redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 4,000 crore, the company said in a statement.
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The company is making a fresh issue of equity shares aggregating up to Rs 362.25 crore and an offer for sale of up to 5,120,619 equity shares by the selling shareholders. Security and Intelligence.
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Meanwhile, the company is raising about Rs 900 crore by issuing Pass-Through Certificates (PTCs), or securities used in loan portfolio sales. The home financier, which will likely sell builder loans, has extended additional credit support of Rs 1,100 crore against the proposed securitised portfolio. dhfl has obtained ratings for the PTCs.
The base size of the issue is Rs 500 crore, with an option to retain over subscription up to Rs 900 crore. The company is. which projects R Under the deal, Aadhar Housing Finance would be merged.
DHFL raised Rs 350-400 crore collectively by selling loan portfolios.. used the rest of the sale proceeds to partially pay due interest on bonds sold last year, To set your timezone use the location button below or scroll through the following list. The portfolios were expected to garner about Rs 900 crore,
DHFL’s assets under management (aum) grew 29.4% on the year to go past the Rs 1 lakh crore-mark, at Rs 1,01,286 crore at the end of Q3FY18, up from Rs 78,296 crore at the end of Q3FY17.
Mumbai-based Piramal Realty, led by Ajay Piramal, is believed to be divesting some stake as it looks to raise Rs 800-900 crore, three people familiar with. with prominent foreign funds for the.
Meanwhile, the company is raising about Rs 900 crore by issuing Pass-Through Certificates (PTCs), or securities used in loan portfolio sales. The home financier, which will likely sell builder loans, has extended additional credit support of Rs 1,100 crore against the proposed securitised portfolio. DHFL has obtained ratings for the PTCs.