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Indiabulls Housing Finance surges on raising Rs 432 crore via NCDs

26 Mar 2018 Evaluate

Indiabulls Housing Finance is currently trading at Rs. 1201.75, up by 2.35 points or 0.20% from its previous closing of Rs. 1199.40 on the BSE.

The scrip opened at Rs. 1205.00 and has touched a high and low of Rs. 1213.75 and Rs. 1197.35 respectively. So far 4501 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1439.40 on 29-Jan-2018 and a 52 week low of Rs. 921.50 on 12-Apr-2017.

Last one week high and low of the scrip stood at Rs. 1242.45 and Rs. 1180.00 respectively. The current market cap of the company is Rs. 51363.44 crore.

The promoters holding in the company stood at 23.69%, while Institutions and Non-Institutions held 67.35% and 8.96% respectively.

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).

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