Indiabulls Housing Finance is planning to raise Rs 25 crore by issuing non-convertible debentures (NCDs) on Private Placement basis. The company proposes to issue 250 Secured Non-Convertible Redeemable Debentures with a face value of Rs 10 lakh each aggregating to Rs 25 crore (Plus Greenshoe Option), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on September 7, 2015, on necessary terms and conditions.
Indiabulls Housing Finance (IBHFL) is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).