Indiabulls Housing Finance has raised funds aggregating to Rs 125 crore through allotment of its first tranche of Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each on Private Placement basis.
The date of allotment is June 26, 2018 and it will mature on June 27, 2019. Tenor on the instrument is 366 days.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).