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Aspire Home Finance Corporation today said it plans to raise Rs 500 crore on a private placement basis.
The company’s board of directors will meet on Wednesday to consider and approve the issue of up to 5,000 non-convertible debentures, the company informed the BSE.
“Aspire Home Finance Corporation Ltd...to consider and approve the offer, issue and allot up to 5,000 redeemable Non-Convertible Debentures (NCDs) of Rs 10,00,000 each aggregating to Rs 500 crore on private placement basis, in one or more tranches,” it said in the filing.
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