Indiabulls Housing Finance, one of the leading home loan providers in India, is planning to raise Rs 100 crore by issuing non-convertible redeemable debentures through private placement. The company has proposed to issue 1000 Secured Non-Convertible Redeemable Debentures with a face value of Rs 10 lakh each, on Private Placement basis, pursuant to special resolution passed by the shareholders of the company at the 10th Annual General Meeting held on September 07, 2015.
Indiabulls Housing Finance (IBHFL) is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company has over 220 well appointed and accessible branches in 110 towns and cities across India.