Indiabulls Housing Finance’s board appointed committee has approved a proposal to raise capital through bonds. The board constituted a committee at its meeting held on March 22, 2022, has authorised the company to raise funds through issue of NCD and/or bonds, in one or more tranches, on private placement basis up to the shareholders existing authorisation of Rs 50,000 crore.
The company is going to seek shareholders' approval for the fundraise plan in its ensuing Extraordinary General Meeting (EGM) scheduled to be held on April 18, 2022.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).
