DHFL looks to raise Rs 50,000 cr via NCDs this fiscal

Mumbai : Mortgage lender Dewan Housing Finance (DHFL) is planning to raise Rs 50,000 crore through the debt market in the current financial year to support it’s business growth, a top company official said. Of this, the company is looking to raise up to Rs 12,000 crore through issuance of non-convertible debentures (NCDs) next week. “This year, the plan is to raise about Rs 50,000 crore of fresh funding from the debt market. Our lending plan for this financial year is going to be 20 per cent higher than the previous year,” said Kapil Wadhawan, chairman and managing director, DHFL.