Can Fin Homes gains on planning to raise Rs 4000 crore via NCDs

Can Fin Homes is currently trading at Rs. 500.50, up by 4.95 points or 1.00% from its previous closing of Rs. 495.55 on the BSE.

Can Fin Homes
Can Fin Homes

The scrip opened at Rs. 500.10 and has touched a high and low of Rs. 509.20 and Rs. 498.00 respectively. So far 130984 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 721.25 on 18-Oct-2021 and a 52 week low of Rs. 408.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 509.20 and Rs. 465.05 respectively. The current market cap of the company is Rs. 6651.05 crore.

The promoters holding in the company stood at 29.99%, while Institutions and Non-Institutions held 24.80% and 45.21% respectively.

Can Fin Homes is planning to raise Rs 4000 crore through the issuance of Non-Convertible Redeemable Debentures (NCDs) on private placement basis, in one or more tranches. A meeting of Board of Directors of the Company is scheduled to be held on October 17, 2022, to consider and approve the same.

Can Fin Homes is a Housing Finance Company offers finance for construction of a house, loan for the purchase of a flat or house, finance for the acquisition of a plot and construction of a house on the same.

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