Indiabulls Housing Finance has informed that the company issued an offer to all Debenture holder(s) for pre-mature redemption of its NCDs maturing in November and December 2019 at par. The Company will also evaluate further pre-mature redemption of its NCDs from time to time. IBH continues to maintain strong liquidity with cash and cash equivalents at around 20% of its total assets as on 10.10.2019. The Company has aggregate liquidity of more than Rs 18,500 crore as on 10.10.2019, which provides around 100% cover over IBHs debt repayments till September 2020. Rating agency CRISIL and ICRA have re-affirmed the long-term rating of the company at CRISIL AA+ (Outlook: Negative)/ ICRA AA+ (Outlook: Negative) on 16th October 2019 and 11th October 2019 respectively after removing the long-term rating from watch with developing implications post RBI not approving the merger of Indiabulls Housing Finance with Lakshmi Vilas Bank.
The above information is a part of company’s filings submitted to BSE.
