Can Fin Homes Approves ₹5,000 Cr NCD Issue

Can Fin Homes Limited's Board of Directors has approved a significant fundraising plan through the issuance of Non-Convertible Debentures (NCDs) up to ₹5,000 Crore. This issuance will be on a private placement basis, in one or more tranches, and will commence after the 39th AGM until the 40th AGM in 2027. The board also approved a Key Information Document for an initial tranche of up to ₹900 Crore in Secured, Redeemable, Non-Cumulative, Taxable NCDs. The Executive Committee/ALCO Committee has been authorized to finalize the specific terms of the NCD issue.