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Indiabulls Housing Finance raises Rs 840 crore via NCD

Indiabulls Housing Finance raises Rs 840 crore via NCD

NEW DELHI: Indiabulls Housing Finance on Friday said it has raised Rs 840 crore by issuing bonds on private placement basis.

“The company has today…allotted its fourth tranche of secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 840 crore,” it said in a regulatory filing.

Indiabulls Housing said it was the fourth tranche of company’s Rs 24,000 crore fund mop-up plan to fuel business expansion.

Shares of the company closed 0.33 per cent down at Rs 1194.75 apiece on BSE on Friday.

PTI