Indiabulls Housing Finance has proposed to issue 6250 Secured Non-Convertible Redeemable Debentures (NCDs) with a face value of Rs 10 lakh each aggregating to Rs 625 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 07, 2015, on the terms and conditions.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).