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).