Indiabulls Housing Finance is planning to raise up to $600 million by offering equity to institutional investors via qualified institutional placement (QIP). The primary issue size is $500 million with an option to retain subscription of an additional $100 million. The dilution of equity stake that will take place with this issue ranges between 11.6% and 13.6%. The company has set indicative offer price at Rs 702 a share.
Indiabulls Housing Finance (IBHFL), wholly owned subsidiary of Indiabulls Financial Services (IBFSL), is a registered HFC by National Housing Bank (NHB). It has presence through 78 branches in 57 cities across the country.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 551.90 |
| Piramal Finance | 2176.00 |
| Bajaj Housing Fin. | 88.55 |
| Housing & Urban Dev. | 210.20 |
| PNB Housing Finance | 1122.30 |
| View more.. | |
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