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Indiabulls Housing Finance gets nod to raise upto Rs 28,000 crore

24 Jul 2017 Evaluate

Indiabulls Housing Finance has received an approval to issue Secured Non-Convertible Debentures and Unsecured Non-Convertible Debentures, in the nature of Subordinate Debt, upto Rs 25,000 crore and Rs 3,000 crore respectively, on private placement basis, in one or more tranches, from time to time. The board of directors at their meeting held on July 24, 2017, has approved for the same

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

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