Indiabulls Housing Finance has received approval for issuance and allotment of secured and/or unsecured, listed and/or unlisted, redeemable non-convertible debentures (NCDs), on private placement or public issue basis or otherwise, in one or more tranches, for an aggregate amount of up to Rs 5,000 crore. The board of directors at its meeting held on May 20, 2022 has approved the same.
Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).