Indiabulls Housing Finance has raised Rs 625 crore through Secured, Redeemable, Non-Convertible Debentures (NCDs) and allotted 6,250 Secured, Redeemable, NCDs of face value Rs 10 lakh each on a private placement basis.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).