Indiabulls Housing Finance has received approval to issue of Secured Non-Convertible Debentures (NCDs) and Unsecured, Redeemable, Non-Convertible Subordinate Debt in the nature of Debentures upto Rs 25,000 crore and Rs 1,000 crore respectively, on private placement basis, in one or more tranches, from time to time. The Board of Directors of the Company at its meeting held on April 24, 2019 has approved the same.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
