Indiabulls Housing Finance to raise Rs 565cr via debentures
NEW DELHI: Indiabulls Housing Finance on Wednesday said it will raise Rs 565 crore through an issue of debentures on private placement basis.
“The company proposes to issue 5,650 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 565 crore (plus gueenshoe option), on Private Placement basis,” it said in a regulatory filing.
The issue opens on May 30 and closes on the same day. Coupon rate of the debentures has been fixed at 9 per cent.
Shares of the company closed at Rs 696.15 apiece on BSE, up 1.98 per cent from previous level.