1. Indiabulls Housing Finance to raise up to Rs 7,000 cr via NCDs

Indiabulls Housing Finance to raise up to Rs 7,000 cr via NCDs

Indiabulls Housing Finance today said it will raise up to Rs 7,000 crore from non-convertible debentures (NCDs) to fund its business expansion.

By: | Published: September 26, 2016 2:13 PM
Shares of Indiabulls Housing Finance were trading 0.48 per cent down at Rs 810.55 apiece on BSE. (PTI)

Shares of Indiabulls Housing Finance were trading 0.48 per cent down at Rs 810.55 apiece on BSE. (PTI)

Indiabulls Housing Finance today said it will raise up to Rs 7,000 crore from non-convertible debentures (NCDs) to fund its business expansion.

“The Bond Issue Committee of the company… approved the issue and allotment of secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures of face value of Rs 1,000 each, to base issue of Rs 3,500 crore with an over-subscription up to Rs 3,500 crore for issuance of additional NCDs aggregating up to Rs 7,000 crore,” Indiabulls Housing Finance said in a regulatory filing.

The debentures are expected to carry a coupon rate in the range of 8.55-9.15 per cent.

Shares of Indiabulls Housing Finance were trading 0.48 per cent down at Rs 810.55 apiece on BSE.

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