Dewan Housing Finance Corporation announced that the Members of the Finance Committee of the Board of Directors have at their meeting held on 26 July 2017 has allotted 1,250 Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs'), aggregating to Rs. 125 crore.

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Net profit of Dewan Housing Finance Corporation rose 29.33% to Rs 260.48 crore in the quarter ended June 2017 as against Rs 201.40 crore during the previous quarter ended June 2016. Sales rose 23.13% to Rs 2406.58 crore in the quarter ended June 2017 as against Rs 1954.52 crore during the previous quarter ended June 2016.

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Dewan Housing Finance Corporation announced that the Board of Directors at its meeting held on 21 July 2017 approved issuance of the following securities from time to time depending upon the prevailing market conditions and business requirements of the Company, which shall be in line with the Company's Policy for Private Placement of Non-Convertible Debentures:

a. Non-Convertible Secured/Unsecured Debentures, upto an amount of Rs.7,500 crore,
b. Non-Convertible Subordinated Unsecured Debentures, upto an amount of Rs. 500 crore,

c. Non-Convertible Perpetual Unsecured Debentures, upto an amount of Rs. 500 crore.

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Dewan Housing Finance Corporation announced that Brickwork Ratings India has reaffirmed its credit ratings as under -

Secured NCD (Public Issue) (Rs 14000 crore) - BWR AAA; Stable
Secured NCD (Rs 6900 crore) - BWR AAA; Stable
Subordinate Debt (Rs 2250 crore) - BWR AAA; Stable
Innovative Perpetual Debt Instrument (Rs 1300 crore) - BWR AA+; Stable
Fixed Deposit (Rs 9000 crore) - BWR FAAA; Stable

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