DHFL issues NCDs worth Rs. 125 crore

Home loan major Dewan Housing Finance Ltd (DHFL) raised Rs. 125 crore by allotting non-convertible debentures (NCDs). The company has allotted 1,250 secured, redeemable, non-convertible debentures of face value Rs. 10 lakh each, aggregating to Rs. 125 crore. Last week the company had announced its plans to issue secured redeemable NCDs amounting to Rs 100 crore, with a greenshoe option of up to Rs 100 crore on private placement basis. Dewan Housing Finance Corporation reported a 29% rise in net profit at Rs 260.48 crore for the quarter ended June 30, 2017, against Rs 201.40 crore in the same quarter last year. Total income from operations also increased to Rs 2,407.78 crore in the June quarter this year, from Rs 1,955.56 crore in the June quarter last year. The company had reported a 27% rise in net profit to Rs 927 crore for the entire 2016-17, compared with Rs 729 crore in the previous financial year.