Indiabulls Housing Finance is planning to raise Rs 1,000 crore by issuing debt securities. The company proposes to issue 10,000 secured non-convertible redeemable debentures aggregating to Rs 1,000 crore on private placement basis. The base issue size is Rs 100 crore with a green shoe option of Rs 900 crore.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).