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Indiabulls Housing Finance spurts on planning to raise Rs 5,000 crore through securitisation route in Q4FY21

16 Feb 2021 Evaluate

Indiabulls Housing Finance is currently trading at Rs. 226.80, up by 4.95 points or 2.23% from its previous closing of Rs. 221.85 on the BSE.

The scrip opened at Rs. 224.95 and has touched a high and low of Rs. 229.25 and Rs. 218.60 respectively. So far 982225 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 359.60 on 20-Feb-2020 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. 240.60 and Rs. 217.10 respectively. The current market cap of the company is Rs. 10495.32 crore.

The promoters holding in the company stood at 21.70%, while Institutions and Non-Institutions held 44.25% and 34.05% respectively.

Indiabulls Housing Finance is looking to raise Rs 5,000 crore through the securitisation route in the fourth quarter of the current financial year (Q4FY21). In the three months ended December 31, 2020, the company had raised around Rs 2,000 crore through the route.  Overall, in 2020-21, the company has raised a total of Rs 28,119 crore through equity, bank lines, bonds and loan sell-downs.

The company is also seeing good traction in loan co-lending and expects active sourcing to begin next quarter with three other co-lending tie-ups which are into the final stages of integration.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).

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