Indiabulls Housing Finance has received approval to raise funds through issuance of Secured and Unsecured Non-Convertible Debentures (NCDs), in the nature of Subordinate Debt, upto Rs 25,000 crore and Rs 1,000 crore respectively, on private placement basis, in one or more tranches. The Board of Directors of the Company at its meeting held on January 31, 2019 has approved the same.
The company has also received approval for raising funds by way of issue of secured and/or unsecured, Rupee denominated overseas bonds and/or foreign currency denominated bonds, upto the maximum amount, as permissible under the applicable regulations, in one or more tranches.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
