Indiabulls Housing Finance will buyback debt worth Rs 2,705 crore from the investors before their maturity. The company will buy back non-convertible debentures (NCDs) and masala bonds maturing this September aggregating to Rs 1,375 crore which includes Rs 660 crore issued by way of a public issue.
Moreover, the company is also giving early redemption option to investors to buy back Rs 1,330 crore of Masala bonds maturing in October. The company has already initiated the approval process with Reserve Bank for the early redemption of the masala bonds.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
