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The fundraising plan includes the issuance of NCDs aggregating ₹1,500 crore and CPs amounting to ₹1,000 crore. Shares of Repco Home Finance Ltd ended at ₹367.55, down by ₹2.50 or 0.68%, on the BSE today (August 22).
Housing finance company Repco Home Finance Limited on Friday (August 22) announced that its shareholders have approved the company’s proposal to raise ₹2,500 crore through the issue of non-convertible debentures (NCDs) and commercial papers (CPs) on a private placement basis.
The approval was granted at the 25th annual general meeting (AGM) held on Friday. The fundraising plan includes the issuance of NCDs aggregating ₹1,500 crore and CPs amounting to ₹1,000 crore.
Also Read: Repco Home Finance shares rise as much as 6% after asset quality improves in Q2
The Chennai-headquartered home loan company was set up in April 2000 to tap the growth potential in the housing finance market. The company is registered as an HFC with the Housing Bank (NHB).
Shares of Repco Home Finance Ltd ended at ₹367.55, down by ₹2.50 or 0.68%, on the BSE today (August 22).
(Edited by : Shoma Bhattacharjee)
