Indiabulls Housing Finance to raise Rs 50 crore on private placement basis

Indiabulls Housing Finance has proposed to issue 500 Secured Non-Convertible Redeemable Debentures with a face value of Rs 10 lakh each aggregating to Rs 50 crore plus Greenshoe Option, on Private Placement basis, pursuant to special resolution passed by the shareholders of the company at the Annual General Meeting held on September 07, 2015.

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