Indiabulls Housing Finance raises Rs 600 crore

Indiabulls Housing Finance has raised Rs 600 crore by issuing secured, redeemable, non-convertible debentures on private placement basis, according to a regulatory filing.

The recent fund raising is a part of company’s plan to raise a total of Rs 6,000 crore.

“The Company allotted its seventh tranche of secured, redeemable, non-convertible debentures of face value Rs 10 lakh each (‘NCDs’) aggregating Rs 600 crores,” it said in a BSE filing.

The recent fund raising comprise Rs 100 crore as the greenshoe option.

The company on November 10 last year had announced its plans to issue secured, redeemable, non-convertible debentures of face value Rs 10 lakh each aggregating Rs 6,000 crore.

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