The Hindu Business Line : DHFC board okays debenture issue

THE board of directors of Dewan Housing Finance Corporation (DHFC) has approved the draft umbrella offer document for the issue of additional debentures of up to Rs 500 crore.

The board also approved re-issue of 9,300 forfeited equity shares of Rs 10 each to employees of the company, the company said in a notice to the stock exchanges today.

Approvals for investment of up to Rs 2 crore in a new venture capital company and for reappointment of Mr Kapil Wadhawan as Managing Director for five years with effect from October 4, 2005 were also passed.

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