Indiabulls Housing Finance has raised funds aggregating to Rs 2318.50 crore through allotment of its seventeenth tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each on Private Placement basis.
The company has allotted Option-I NCDs worth Rs 500 crore, with a tenor of 2 years and it will mature on June 15, 2020 and the company has also allotted Option-II NCDs worth Rs 1,800 crore, with a tenor of 367 days and the NCDs will mature on June 17, 2019. The company has further allotted Option-III NCDs worth Rs 18.50 crore, with a tenor of 3 years and the NCDs will mature on June 15, 2021.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
