Mumbai, Maharashtra, India
Dewan Housing Finance Corporation Limited (“DHFL” or the “Company”), one of India’s leading private sector housing finance companies registered with National Housing Bank (NHB), listed its first-ever secured redeemable Non-Convertible Debentures (“NCD”) of face value of Rs. 1,000 each aggregating up to Rs. 4,000 crore (“Shelf Limit”) after the public issue by way of Tranche 1 Prospectus to be read together with the Shelf Prospectus dated July 26, 2016 (“Prospectus”) (“Tranche I Issue”). The rating of CARE AAA by CARE and BWR AAA, Outlook: Stable by Brickwork indicates that instruments with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations.
L to R: Mr. Kapil Wadhawan (Chairman and Managing Director, DHFL), Mr. Harshil Mehta (CEO, DHFL) and Mr. Santosh Sharma (CFO, DHFL) ringing the gong at the listing ceremony of the company’s first ever public issue of NCDs
Mr. Kapil Wadhawan, Chairman and Managing Director, DHFL, said, “The listing of DHFL’s first NCD Public Issue at BSE was a momentous occasion for the Company and our team. The success of the public issue of NCDs is also a reflection of the investors’ belief in the growth potential in the affordable housing segment and the confidence they have in the Company to move ahead. DHFL’s first-ever NCD Public Issue is a milestone in the housing finance sector as it has set new benchmarks in terms of innovation, aggressive penetrative marketing and the pool of liquidity available in the market .This issue will not only establish a strong yield curve for DHFL instruments in the market, but will also reduce our total cost of borrowing significantly. We are extremely positive to continue maintaining a strong asset-quality and growth strategy while expanding our network, optimizing costs and leveraging technology.”
The Lead Managers to the Issue are Edelweiss Financial Services Limited, A. K. Capital Services Limited, ICICI Bank Limited, SBI Capital Markets Limited, Trust Investment Advisors Private Limited and YES Securities (India) Limited.
DHFL was founded in 1984 by Late Shri Rajesh Kumar Wadhawan with a vision to provide financial access for Indians to own a home of their own. Today, led by Mr. Kapil Wadhawan, CMD, DHFL, the company is Triple A Rating: “CARE AAA” by CARE; “BWR AAA” Outlook: Stable by Brickwork and reckoned as one of India’s leading financial institutions with a large presence across the country, in addition to representative offices in Dubai and London.
Throughout its years of growth, DHFL has stayed true to its core vision of financial inclusion, especially to the low and middle income customers across India. The company’s wide network, coupled with insights into local customer needs, has enabled the company to provide meaningful financial access to customers even in India’s smallest towns. With a strong business foundation, an extensive distribution network, proven industry expertise and a deep understanding of the Indian customer, DHFL is a respected and trusted financial services company in India with a concerted focus towards enabling home ownership to the low and middle income customer.
For further information, please visit www.dhfl.com.
Dewan Housing Finance Corporation Limited, subject to market conditions and other considerations, is proposing a public issue of secured redeemable non-convertible debentures (“NCDs”) and has filed the Shelf Prospectus dated 26 July,2016 and Tranche 1 Prospectus dated 26 July, 2016 with the Registrar of Companies, Maharashtra, Mumbai, National Stock Exchange of India Limited, BSE Limited and SEBI (for record purposes). The Shelf Prospectus dated 26 July,2016 and Tranche 1 Prospectus dated 26 July,2016 are available on our website at www.dhfl.com, on the website of the stock exchanges at www.nseindia.com and www.bseindia.com and the respective websites of the lead managers at www.edelweissfin.com, www.akcapindia.com, www.icicibank.com, www.sbicaps.com, www.trustgroup.co.in and www.yesinvest.in. Investors proposing to participate in the Issue should invest only on the basis of information contained in the Shelf Prospectus dated 26 July, 2016 and Tranche 1 Prospectus dated 26 July,2016. Investors should note that investment in NCDs involves a high degree of risk and for details relating to the same, please refer to the Shelf Prospectus, including the section ‘Risk Factors’ beginning on page 12 of the Shelf Prospectus.