Indiabulls Housing Finance is going to convene an extraordinary general meeting (EGM) on July 29 to seek shareholders' approval to raise up to $300 million by issuing securities through QIP or FCCB. The intent of the fundraising plan is to augment the long-term resources and to maintain sufficient liquidity for meeting funding requirements of its business activities.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
