Dewan Housing Finance Corporation (DHFL) is planning to raise Rs 1,500 crore through non-convertible debentures (NCDs) on private placement basis. This is following a special resolution passed by the shareholders of the company at the 32nd annual general meeting held on July 20, 2016.

DHFL is one of Indias premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. On April 11, 1984, the company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.