Indiabulls Housing Finance announced that its board has approved the public issue of non-convertible debentures (NCDs) up to Rs 100 crore (base issue size) with an option to retain oversubscription up to Rs 100 crore, aggregating up to Rs 200 crore.
The public issue is within the shelf limit of Rs 2,000 crore.These secured, redeemable NCDs issue will open on 5 March 2024 and it will close on 19 March 2024. It will be listed on BSE and NSE. However, BSE is the designated stock exchange.
These debentures have CRISIL AA/Stable (pronounced as CRISIL double A rating with stable outlook) rating, by CRISIL Ratings and [ICRA]AA (Stable) (pronounced as ICRA double A rating with a stable outlook) rating by ICRA.
Indiabulls Housing Finance is a housing finance company, regulated by the National Housing Bank (NHB). The company offers competitively priced home loans in the affordable housing segment.
The company's consolidated net profit rose 4% to Rs 302.61 crore on 5.46% decline in total income to Rs 2,211.72 crore in Q3 FY24 over Q3 FY23.
The scrip declined 2.84% to trade at Rs 188.50 on the BSE.
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