Stock Market: This housing finance company will raise Rs 2500 crore, dividend also approved:

News Topical, Digital Desk : Housing finance company Repco Home Finance has informed the stock market about raising a large amount from the market. The company has announced this plan after the market closed. According to the company, the company's AGM was held today in which the plan to raise a total of Rs 2500 crore from the market was approved. Along with this, the company has informed that a dividend of Rs 4 per share for the last financial year has also been approved in the AGM. The company's stock closed with a limited decline on Friday.

What information did the company give?

In the information sent to the stock market, the company said that in the 25th AGM held today, the shareholders have approved the proposal of the company to raise Rs 2500 crore. According to the proposal, the company will raise this amount through non-convertible debentures and commercial papers. Out of this, Rs 1500 crore will be raised through NCD and Rs 1000 crore through CP.

How was the stock performance? In Friday's trading, Repco Home Finance's stock closed at 370 with limited decline. The stock has been witnessing a decline for the last one month. A month ago, the stock was trading above the level of 440. Whereas a year ago, the stock was trading above the level of 500. Whereas in March itself, the stock had reached below the level of 320.