Indiabulls Housing Finance rose 2.09% to Rs 746.10 at 12:50 IST on BSE after the company proposed to issue 400 secured non-convertible redeemable debentures aggregating to Rs 40 crore.
The announcement was made after market hours yesterday, 2 June 2016.Meanwhile, the S&P BSE Sensex was up 68.19 points or 0.29% at 26,911.33.
On BSE, so far 24,074 shares were traded in the counter as against average daily volume of 1.91 lakh shares in the past one quarter. The stock hit a high of Rs 749 and a low of Rs 737.40 so far during the day. The stock had hit a record high of Rs 820 on 10 August 2015. The stock had hit a 52-week low of Rs 542.75 on 3 June 2015. The stock had outperformed the market over the past one month till 2 June 2016, gaining 5.64% compared with Sensex's 5.53% gains. The scrip had also outperformed the market in past one quarter, rising 12.65% as against Sensex's 10.73% gains.
The large-cap company has equity capital of Rs 84.27 crore. Face value per share is Rs 2.
Indiabulls Housing Finance announced that it has proposed to issue 400 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 40 crore with Greenshoe Option on private placement basis.
Indiabulls Housing Finance said that the issue of non-convertible redeemable debentures will open on 7 June 2016 and will also close on the same day. The issue has two options with same coupon rate of 9% per annum payable annually and have tenors of 5 years and ten years.
Indiabulls Housing Finance's consolidated net profit rose 22.6% to Rs 675.50 crore on 25% growth in total income to Rs 2647.19 crore in Q4 March 2016 over Q4 March 2015.
Indiabulls Housing Finance is a housing finance company. The company also provides other loans, such as loan against residential properties for home improvement and to small businesses, commercial vehicle loans, and corporate loans for housing projects.
Powered by Capital Market - Live News
