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Canara Bank-promoted CanFin Homes has filed a draft offer document with market regulator SEBI to raise up to ₹300 crore through a rights issue.
The net proceeds would be utilised to augment the company’s capital base, resulting in an increase in net worth and meet future capital adequacy requirements.
SBI Capital Markets is the lead manager to the issue and Karvy Computershare the registrar. The shares would be listed on the BSE, the NSE and the Bangalore Stock Exchange.
CanFin Homes is a registered housing finance company with the National Housing Bank with an outstanding loan book of ₹6,355 crore as on June 30. It is spread across 19 States through a network of 104 branches and three satellite offices.
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