Indiabulls Housing Finance jumped 4.9% to Rs 325.15 after the company offered pre-mature redemption of its non-convertible debentures (NCDs).
The company in an exchange filing issued an offer to all NCD holders for pre mature redemption of its NCDs maturing in January 2020. The firm will also evaluate further pre-mature redemption of its NCDs from time to time.On consolidated basis, net profit fell 32.05% to Rs 709.52 crore on 19.62% decline in total income to Rs 3,420.45 crore in Q2 September 2019 over Q2 September 2018.
Indiabulls Housing Finance's primary business activities are to carry on business of investing and finance related activities (investing in various subsidiaries, financing of loans and credit activities) and fee income, which mainly consists of financial service related fee income from services, selling of insurance products as a licensed corporate agent, and other related ancillary services.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
