Can Fin Homes’ board to meet next week to consider raising up to Rs 6K cr

NEW DELHI, July 11: Can Fin Homes’ board will meet next week to consider raising up to Rs 6,000 crore through issuance of debentures on a private placement basis.
Can Fin Homes is a subsidiary of state-owned Canara Bank.
“…The proposal is being placed to the board seeking approval for issuance of redeemable debentures up to an amount of Rs 6,000 crore, on private placement basis, in one or more tranches, subject to approval by members at the 31st annual general meeting scheduled on July 18, 2018,” Can Fin Homes said in a regulatory filing.
Stock of Can Fin Homes were trading 1.29 per cent down at Rs 339.85 on BSE. (PTI)