A meeting of the board of Dewan Housing Finance Corporation will be held to consider raising funds by way of issue of equity shares including through preferential allotment basis and / or qualified institutional placement basis, convertible equity warrants to promoters / promoters group to increase capital and to augment long terms resources raising capacity to meet growing business requirement of disbursement of housing loans to borrowers all over the country, subject to all necessary approvals.The board will also consider the enhancement of FIIs investment limit in the paid up equity capital of the company from the current level of 24% to 40% of enhanced paid up equity capital of the company.
These will be considered at the board meeting to be held on 04 January 2008.
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