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Indiabulls Housing Finance to raise Rs 1,000 crore through NCDs

25 Apr 2020 Evaluate

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).

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