Indiabulls Housing Finance has raised Rs 700 crore through allotment of 7,000 Secured, Redeemable, Non-Convertible Debentures (NCDs) of face value Rs 10 lakh each on private placement basis. The tenure of the instrument is 10 years.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).