Indiabulls Housing Finance to raise up to Rs 100 crore via non-convertible debentures
Shares of Indiabulls Housing Finance were trading 0.43 per cent higher Rs 834 on BSE in the morning trad
 "Stock broker looking at screen outside the Bombay Stock Exchange")
Stock broker looking at screen outside the Bombay Stock Exchange
Indiabulls Housing Finance on Wednesday said it plans to raise up to Rs 100 crore through issuance of non-convertible debentures (NCDs).
"The company proposed to issue up to 1,000 secured non-convertible redeemable debentures with face value of Rs 10 lakh each aggregating to up to Rs 100 crore (plus greenshoe option, if any) on a private placement basis," Indiabulls Housing Finance said in a regulatory filing.
Indiabulls Housing Finance said the issue will open on September 2 and close on the same date. The tenor of the bonds will be 2-5 years.
The bonds would carry coupon rate of 8.55 per cent per annum.
Last week, Indiabulls Housing Finance said it has raised over Rs 7,000 crore since July 1 through issuance of NCDs.
Shares of Indiabulls Housing Finance were trading 0.43 per cent higher Rs 834 on BSE in the morning trade.
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First Published: Aug 31 2016 | 12:32 PM IST