Indiabulls Housing Finance has raised Rs 432 crore through Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each. Of total, NCDs option I is worth Rs 300 crore and option II is worth Rs 132 crore.
The company has allotted its twelfth tranche of NCDs on March 23, 2018. The NCDs option I will mature on June 22, 2021, having a tenor of 1187 Days and option II will mature on April 8, 2021 which has tenure of 1112 Days. The issue is proposed to be listed on National Stock Exchange of India and BSE.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
