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Indiabulls Housing Finance plans to raise Rs 200 crore via issue of NCDs

16 Jun 2016 Evaluate

Indiabulls Housing Finance is planning to raise Rs 200 crore by issuing non-convertible debentures (NCDs) on Private Placement basis. The company proposes to issue 2000 Secured Non-Convertible Redeemable Debentures with a face value of Rs 10 lakh each aggregating to Rs 200 crore (Plus Greenshoe Option), on Private Placement basis, pursuant to special resolution passed by its shareholders at the 10th Annual General Meeting held on September 7, 2015, on the terms and conditions. In a green shoe option, the company can retain any amount of over-subscription.

Indiabulls Housing Finance (IBHFL) is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

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