Indiabulls Housing Finance is currently trading at Rs. 201.35, up by 0.20 points or 0.10% from its previous closing of Rs. 201.15 on the BSE.
The scrip opened at Rs. 204.55 and has touched a high and low of Rs. 204.95 and Rs. 201.35 respectively. So far 117122 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 458.80 on 12-Sep-2019 and a 52 week low of Rs. 81.25 on 20-Mar-2020.
Last one week high and low of the scrip stood at Rs. 205.55 and Rs. 190.05 respectively. The current market cap of the company is Rs. 8600.65 crore.
The promoters holding in the company stood at 23.66%, while Institutions and Non-Institutions held 51.08% and 25.25% respectively.
Indiabulls Housing Finance is aiming to raise up to Rs 1,000 crore through a qualified institutional placement (QIP) launched on September 9, 2020 as well as partial divestment of its stake in UK-based OakNorth Bank in tranches. In this, Rs 500 crore (about $68.13 million) each is targeted to be raised through the QIP and divestment in OakNorth Bank in next two-three days. The committee will meet on September 14 to approve the issue price, including a discount, if any, for the equity shares to be allotted to the qualified institutional buyers (QIBs). The intent of the QIP is to augment the long-term resources of the company and maintain sufficient liquidity for meeting funding requirements for its business activities.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 540.05 |
| Housing & Urban Dev. | 197.00 |
| Bajaj Housing Financ | 91.83 |
| Piramal Finance | 1673.65 |
| PNB Housing Finance | 924.40 |
| View more.. | |
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