Can Fin Homes' Capital Raise - next leg for growth

Can Fin Homes Ltd. has announced plans to raise up to ₹10,000 crore through qualified institutional placements (QIPs) and other debt instruments, with an additional proposed rights issue of up to ₹1,000 crore. The move is aimed at strengthening the company’s balance sheet and supporting its growth initiatives. The proposal will be put forward for shareholder approval at the upcoming annual general meeting. Alongside the capital raise, the board recommended a final dividend of ₹6 per equity share for FY25, with a record date set for July 11. The company also approved the appointment of Swarupananda Mallick as an independent non-executive director, effective August 21, 2025, pending shareholder ratification. The announcement comes on the back of strong Q4 performance, where the company reported a net profit of ₹234 crore , surpassing analyst estimates. There has been underperformance in the bourses in short term, but this bodes well for the future.