Dewan Housing seeks Sebi’s nod to raise up to Rs 15,000 cr via NCDs

New Delhi, May 8: Dewan Housing Finance has sought markets regulator Sebi’s approval to raise up to Rs 15,000 crore through debentures to support its lending activities. This NCD issuance will be in one or more tranches, according to the draft paper filed with Securities and Exchange Board of India (Sebi).
NCDs are loan-linked bonds that cannot be converted into stocks and usually offer higher interest rates than convertible debentures.