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Indiabulls Housing Finance informs about allotment

23 Dec 2017 Evaluate

With reference to the letter of December 21, 2017 intimating the Company’s proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakhs each (NCDs) aggregating Rs 24,000 Crores, on a private placement basis, and pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Indiabulls Housing Finance has informed that in terms of the Board authorization dated October 23, 2017, the Company has on December 22, 2017, allotted its first tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs 10 lakh each (NCDs) aggregating to Rs 250 Crores.

The above information is a part of company’s filings submitted to BSE.

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