Indiabulls Housing Finance has informed that further to its intimation on the outcome of the meeting of the Board of Directors of the Company (Board) held on January 17, 2024, wherein the Board approved the raising of funds aggregating up to INR 5,000 Crores (Indian Rupees Five Thousand Crores) or its equivalent in USD, by way of issue of fully paid-up or partly paid-up equity shares and/or any securities convertible or exchangeable into equity shares, including but not limited to convertible debentures and/or foreign currency convertible bonds (FCCB) and/or foreign currency exchangeable bonds (FCEB) which are convertible or exchangeable into equity shares, by way of preferential allotment, private placement, rights issue or any other method permitted under applicable laws, as may be considered appropriate. The company informed that a meeting of the Securities Issuance and Investment Committee of the Board is scheduled to be held on or after Wednesday, January 24, 2024, in terms of the provisions of the Companies Act, 2013 read with Companies (Meetings of Board and its Powers) Rules, 2014, as amended, to deliberate upon rights issue of equity shares and to discuss and decide various matters in connection with rights issue, including the determination of the rights issue price and related payment mechanism, rights entitlement ratio and timing of the rights issue.
The above information is a part of company’s filings submitted to BSE.