Indiabulls Housing Finance today said it has raised over Rs 7,000 crore since July 1 through issuance of non-convertible debentures (NCDs).
“The company has allotted secured, redeemable, non-convertible debentures, for an amount aggregating Rs 7,030 crore on a private placement basis, from July 1, 2016 till date,” Indiabulls Housing Finance said in a regulatory filing.
Last week, Indiabulls Housing Finance had said it proposes to raise over Rs 1,600 crore from non-convertible debentures (NCDs) to fund business expansion.
The company proposes to issue up to 16,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating up to Rs 1,600 crore plus green-shoe option on a private placement basis.
Shares of Indiabulls Housing Finance were trading 1.26 per cent higher Rs 818.65 on the BSE in the afternoon session.
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Published on August 25, 2016
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