Indiabulls Housing Finance plans to raise Rs 200 crore
Indiabulls Housing Finance today said it plans to raise Rs 200 crore by issuing non-convertible debentures. "The company proposes to issue 2,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to Rs 200 crore (plus greenshoe option), on private placement basis," it said in a regulatory filing. In a green shoe option, the company can retain any amount of over-subscription. The decision to raise the amount was taken at the company's annual general meeting held in September last year.
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