Can Fin Homes Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 25/06/2025 ,inter alia, to consider and approve This is to inform that a meeting ....
CANFINHOME · price
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Can Fin Homes has informed stock exchanges that its Board of Directors will meet on Wednesday, June 25, 2025. The key agenda items include considering and approving fund raising through the issuance of equity shares, subject to necessary approvals. Additionally, the Board will consider borrowing or raising funds through the issuance of secured and/or unsecured non-convertible debentures and non-convertible subordinated debt Tier-II debentures, under Section 42 of the Companies Act, 2013, and SEBI's ILNCS Regulations, 2021. This intimation has been filed under SEBI Listing Regulations 29(1) and 50(1) in advance of the meeting. The company has not yet disclosed the size or pricing of either the equity or debt raise.
For shareholders, the equity share issue could lead to dilution of existing shareholding, depending on the size of the issue. The debt raise via debentures would expand the company's borrowing capacity to support lending operations, which is core to Can Fin Homes' housing finance business. The stock may see short-term movement based on the details announced after the meeting, particularly the size and pricing of the equity issue.