/ DHFL gains on planning to raise funds ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 9 August 2018

Dewan Housing Finance Corporation (DHFL) is currently trading at Rs. 618.05, up by 7.65 points or 1.25% from its previous closing of Rs. 610.40 on the BSE.The scrip opened at Rs. 613.50 and has touched a high and low of Rs. 622.00 and Rs. 612.20 respectively. So far 45453 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. 391.80 on 11-Aug-2017.Last one week high and low of the scrip stood at Rs. 636.45 and Rs. 603.80 respectively. The current market cap of the company is Rs. 19402.17 crore.

The promoters holding in the company stood at 39.23%, while Institutions and Non-Institutions held 28.99% and 31.78% respectively.

DHFL is planning to raise funds by way of issuance of equity shares of the company and/or other securities of the company including by way of preferential issue or qualified institutions placement or any other permissible mode or a combination thereof through issue of prospectus and/or placement document and/or letter of offer and/or any other permissible/requisite offer document, as may be permitted under applicable law. The meeting of the Board of Directors of the company is scheduled to be held on August 13, 2018, to consider the same.

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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