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Indiabulls Housing Finance plans to raise Rs 300 cr

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Capital Market
Last Updated : Jun 27 2016 | 12:01 AM IST

Through issue of debentures

Indiabulls Housing Finance announced that the Company proposes to issue 30,000 Unsecured Non-Convertible Redeemable Debentures (Tier II) in the nature of Subordinated Debt with a face value of Rs. 1 lakh each aggregating to Rs. 300 crore (Plus Greenshoe Option), on Private Placement basis, pursuant to special resolution passed by the shareholders of the Company at the 10th Annual General Meeting held on 07 September 2015, on the terms and conditions.

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First Published: Jun 25 2016 | 10:27 AM IST

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