Indiabulls Housing Finance has raised funds aggregating to Rs 145 crore through allotment of its sixteenth tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each.
The company has allotted Option-I NCDs worth Rs 100 crore which has an allotment date on June 5, 2018. NCDs will mature on June 5, 2023. The company has allotted Option-II NCDs worth Rs 45 crore which has an allotment date on June 5, 2018, with a tenor of 1423 days. NCDs will mature on April 28, 2022.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
