Dewan Housing Finance Corporation Ltd. (DHLF), is a deposit-taking housing finance company registered with the NHB and focused on providing financing products for the LMI segment in India primarily in Tier II and Tier III cities and towns. It has been active in the housing finance sector in India since 1984. DHFL provides secured finance primarily to individuals, partnership firms and companies for the purchase, self-construction, improvement, and extension of homes, new and resalable flats, commercial properties and land. It also provides certain categories of non-housing loans, asset management services, mutual fund products, and insurance products. It has a robust marketing and distribution network, with a presence across 347 locations including 187 branches, 135 micro branches, 20 zonal/ regional / CPU offices, two disbursement hubs, one collection center, one Corporate office and One National office.
The promoters of the company are Mr. Kapil Wadhawan and Mr. Dheeraj Wadhawan.
The Net Proceeds raised through this Issue will be utilized for following activities in the ratio provided as below:
1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing
borrowings of the Company;
2. General corporate purposes;
»» Issue Open: May 22, 2018 - Jun 4, 2018
»» Issue Type: Fixed Price Issue NCD
»» Issue Size: 120,000,000 NCD's of Rs. 1000
»» Issue Size: Rs. 12,000.00 Crore
»» Face Value: Rs. 1000 Per NCD
»» Issue Price: Rs. 1000 Per NCD
»» Market Lot: 10 NCD
»» Minimum Order Quantity: 10 NCD
»» Listing At: BSE, NSE
These instruments are rated CARE AAA/Stable by CARE and BWR AAA/Stable by Brickwork. Instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations.
TThis offer has coupon rates ranging from 8.56% to 9.10% and tenure of 3 yrs, 5 yrs, 7 yrs and 10 yrs. The Company is offering additional 1% loyalty interest to all original allottees who will continue the scheme till maturity selected. Over and above this, an additional interest of 0.10% is being offered to Senior Citizens. Interest payment will be on a Monthly, Annual or Cumulative basis as per the choice of investors.
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Karvy Computershare Private Limited
Karvy Registry House, 8-2-596, St. No. 1,
Banjara Hills, Hyderabad - 500 034
Andhra Pradesh, India
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