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HomeMarket NewsCan Fin Homes gets board nod to raise ₹11,000 crore via QIP, debt routes
Can Fin Homes has received board approval to raise up to ₹10,000 crore via debt instruments and ₹1,000 crore through equity issuance, including QIP or rights issue, subject to shareholders’ nod.
Can Fin Homes Ltd has received board approval to raise up to ₹11,000 crore through a mix of debt and equity instruments, the company informed the exchanges on Wednesday.
The board has proposed to raise ₹10,000 crore through onshore or offshore debt instruments including bonds, non-convertible debentures, and subordinated debt in Indian or foreign currency.
Additionally, it approved raising up to ₹1,000 crore via Qualified Institutional Placement (QIP), preferential allotment, or rights issue. Both proposals will be put before shareholders at the upcoming Annual General Meeting (AGM).
The AGM is scheduled for August 20, 2025, and the record date for the final dividend of ₹6 per share has been fixed as July 11, 2025.
Also Read: Union Bank of India board clears ₹6,000 crore capital raise via equity, debt instruments
Separately, the company has appointed Swarupananda Mallick as an Additional Director (Independent) for a three-year term starting August 21, subject to shareholder approval.
Shares of Can Fin Homes last closed at ₹[insert last trading price if needed] on the NSE.
