Indiabulls Housing Finance has launched its QIP (qualified institutional placement) and set the floor price at Rs 206.70 per equity share for the issue. The Securities Issuance Committee of the company's board at a meeting held on September 9, 2020 approved the floor price.
The Securities Issuance Committee will have a meeting on September 14, 2020 to approve the issue price, including a discount, if any, for the equity shares to be allotted to the qualified institutional buyers.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
