Dewan Housing Finance Plans to Raise Up to 3.75 Billion Rupees

May 27 (Bloomberg) -- Dewan Housing Finance Corp. plans to raise as much as 3.75 billion rupees ($79 million) selling shares to large investors, according to a term sheet sent to investors.

The company, based in Mumbai, will sell shares for at least 222.30 rupees apiece, according to the document.

Motilal Oswal Investment Advisors Pvt. and JM Financial Consultants Pvt. will manage the offer, according to the document. Link to Company News:{MOFS IN <Equity> CN <GO>} Link to Company News:{DEWH IN <Equity> CN <GO>}

To contact the reporter on this story: Pooja Thakur in Mumbai at pthakur@bloomberg.net

To contact the editor responsible for this story: Stephen Foxwell at sfoxwell@bloomberg.net