Dewan Housing Finance Corp. Ltd (DHFL) has launched its first-ever public issue of secured redeemable non-convertible debentures (NCDs) for a total amount of Rs.1,000 crore, with an option to retain oversubscription up to Rs.4,000 crore. While this is its first public issue, the company has previously issued privately placed DHFL bonds, which are listed on exchanges. There are 10 series of bonds on offer. Retail investors can apply for up to Rs.10 lakh per applicant, across all the series. The coupons vary between 8.83% and 9.3% per annum for retail investors depending on the tenure, and come with monthly, annual and cumulative payout option. The bonds will be listed on exchanges and can be traded in dematerialised form.
7 best practices to keep your money safe from fraudsters
Read More