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Indiabulls Housing Finance planning to raise funds

15 Jan 2024 Evaluate

Indiabulls Housing Finance is planning to raise funds through the issuance of secured and/or unsecured debt and/or equity shares and/or any other convertible or exchangeable securities, including but not limited to, warrants, depository receipts, FCCBs, FCEBs or any combination thereof, by way of a public or preferential offer, a private placement, follow-on public offering, rights issue, qualified institutions placement or a combination thereof, or such other methods or combinations as may be decided, in India or abroad, as may be considered appropriate, subject to the regulatory and/or statutory approvals, as applicable. A meeting of the Board of Directors of the company is scheduled to be held on January 17, 2024, inter alia, to consider and approve the same. 

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


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