8 December 2022

New Delhi : Canara Bank promoted housing loan provider Can Fin Homes is planning to raise debt capital of up to Rs 4,000 crore and will seek board of directors ‘ approval on this proposal later this month .. The board of directors of the company is scheduled to meet on October 17 , 2022 to approve financial results for the company’s second quarter and first half ended September 2022-23 .

Canara Fin Homes Mulls Raising
Canara Fin Homes Mulls Raising

” At the said meeting the proposal is being placed to the board seeking approval and authorisations for issuance of non – convertible redeemable debentures up to an amount of Rs 4,000 crore , on private placement basis . ” Can Fin Homes said in a regulatory filing on Thursday .

The company said it will raise the funds in one or more tranches for a period up to the date of the annual general meeting of the current fiscal year . The home loan company said the shareholders approved the debt raise plan at the annual general meeting held on September 7 . 2022 .

Home Facebook Tour Graphic Design Grocery Karnataka Rishikesh Dandeli Fashion

Leave a Reply

Your email address will not be published. Required fields are marked *