Dewan Housing Finance Corporation (DHFL) has proposed to issue Secured Redeemable Non-Convertible Debentures amounting to Rs 1.50 billion on Private Placement basis, pursuant to special resolution passed by the shareholders of the company at the 32nd Annual General Meeting held on July 20, 2016, on the terms and conditions.

The issue will be open on June 21, 2017 and close on the same day. The bond to be listed on National Stock Exchange (NSE) will be issued for tenure of 1095 days. The bond has been assigned rating of 'AAA' by CARE and Brickworks Ratings.

Shares of the company gained Rs 2.15, or 0.47%, to trade at Rs 456.10. The total volume of shares traded was 38,479 at the BSE (10.07 a.m., Monday).