Can Fin Homes Board Recommends Major Fundraising: Share Issue Up to ₹10 Billion, Debt Issue Up to ₹100 Billion

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Can Fin Homes Ltd’s board has recommended raising funds through a combination of equity and debt, signaling a push to support the company’s growth plans and strengthen its balance sheet.

Key Highlights:

The board has proposed issuing equity shares to raise up to ₹10 billion. This move, pending necessary approvals, would provide fresh capital for business expansion and operational needs.

Alongside the equity raise, Can Fin Homes plans to issue secured and/or unsecured non-convertible debentures (NCDs) and subordinated Tier-II debt, with a combined limit of up to ₹100 billion.

These fundraising routes are designed to give the company flexibility in managing its capital structure and meeting future funding requirements.

The board meeting on June 25, 2025, focused on these fundraising strategies as part of Can Fin Homes’ ongoing efforts to maintain healthy growth and respond to evolving market opportunities.

The company has recently reported strong financial performance, with an 11.91% increase in net profit for the March 2025 quarter and a 14.18% rise in annual net profit, reflecting robust demand in the affordable housing finance segment.

Can Fin Homes, promoted by Canara Bank, continues to benefit from strong parentage and access to low-cost funding, which supports its competitive position in the housing finance market.

These fundraising plans are expected to help Can Fin Homes scale its operations, expand its branch network, and further strengthen its presence in the affordable housing sector.

Source: Can Fin Homes Ltd

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