Dewan Housing Finance to raise up to Rs 1,000 cr

The board has agreed in principle for raising of long-term resources up to an amount of Rs 1,000 crore by way of issue of equity share through preferential allotment, qualified institutional placement or otherwise, DHFL said in a statement.

Besides, the board has also approved the merger of its subsidiary First Blue Home Finance, formerly known as Deutsche Postbank Home Finance, with itself.

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