DHFL raises Rs 809.61 cr from institutional investors

Written By Unknown on Kamis, 05 Maret 2015 | 15.45

The company said it has issued and allotted 1,69,31,102 equity shares to the Qualified Institutional Buyers (QIBs) at a price of Rs 478.18 per equity share, including a premium, aggregating to Rs 809.61 crore.

Dewan Housing Finance Corporation Ltd  (DHFL) on Thursday said it has raised Rs 809.61 crore by issuing shares to institutional investors.

The company said it has issued and allotted 1,69,31,102 equity shares to the Qualified Institutional Buyers (QIBs) at a price of Rs 478.18 per equity share, including a premium, aggregating to Rs 809.61 crore.

In a regulatory filing, DHFL further said that its paid-up equity capital has increased to Rs 145.67 crore consequent to the allotment of shares to the QIBs.

The finance committee of the company had approved the issue and allotment of shares to the QIBs at a meeting held yesterday. Shares of the company were trading at Rs 555.80 apiece, up 0.22 percent in the morning hour trade on the BSE.

Dewan Housing stock price

On March 05, 2015, at 14:06 hrs Dewan Housing Finance Corporation was quoting at Rs 557.00, up Rs 2.40, or 0.43 percent. The 52-week high of the share was Rs 569.70 and the 52-week low was Rs 211.00.


The company's trailing 12-month (TTM) EPS was at Rs 46.62 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 11.95. The latest book value of the company is Rs 277.70 per share. At current value, the price-to-book value of the company is 2.01.


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