Indiabulls Housing Finance to raise Rs 565 Crore via debentures
Indiabulls Housing Finance 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 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 percent. Shares of the company closed at Rs 696.15, a piece on BSE, up 1.98 percent from previous level.
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