You are here: Home » Markets » News
Business Standard

Indiabulls Housing Fin raises Rs 800 crore through bond issue

Indiabulls Housing Finance's shares on Friday fell 1.76 per cent to close at Rs 225.70 apiece on the BSE.

Topics
Indiabulls Housing Finance | bond market | corporate bond market

Press Trust of India  |  New Delhi 

'Freak trade': Investors push up yields of Indiabulls Housing bonds to 43%

on Friday said it has raised Rs 800 crore by allotting bonds through a public issue.

The bond issue committee of its board of directors, through a resolution on Friday, approved an allotment of 7,922,755 non-convertible debentures (NCDs) of a face value of Rs 1,000 each aggregating to Rs 7,922,755,000 on a public issue basis, said in a regulatory filing.

The issue is related to the allotment of secured and unsecured and subordinated redeemable NCDs for an amount up to Rs 200 crore (base issue size) with an option to retain oversubscription up to Rs 800 crore, aggregating up to Rs 1,000 crore (tranche I issue).

Indiabulls Housing Finance's shares on Friday fell 1.76 per cent to close at Rs 225.70 apiece on the BSE.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, September 24 2021. 20:30 IST
RECOMMENDED FOR YOU
.