Indiabulls Housing Finance raises Rs 510 crore through non-convertible debentures

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Indiabulls Housing Finance on Wednesday said it has raised Rs 510 crore through issue of non-convertible debentures (NCDs).

Last year on October 21, the company’s board had authorised it to issue debentures.

“The company has today..alloted secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 510 crore,” it said in a regulatory filing.
Indiabulls Housing Finance plans to raise another Rs 275 crore through NCDs.

Shares of the company on Wednesday closed at Rs 643.80 apiece on BSE, down by 0.36%.

Indiabulls Housing Finance to raise Rs 510 crore via non-convertible debentures
Earlier, the company said on Saturday that it expected to raise Rs 510 crore by issuing NCDs through a private placement.