Indiabulls Housing Finance raises Rs 3,000 crore debt

Indiabulls Housing Finance has raised debt around Rs 3,000 crore, the company said in BSE filing. The mortgage lender allotted its seventh tranche of secured, redeemable, non-convertible debentures with a face value of Rs 10 lakh each and a tenor of 10 years in a private placement on Thursday. In

BY admin
Published - Tuesday, 27 Feb, 2018

Indiabulls Housing Finance raises Rs 3,000 crore debt

Indiabulls Housing Finance has raised debt around Rs 3,000 crore, the company said in BSE filing. The mortgage lender allotted its seventh tranche of secured, redeemable, non-convertible debentures with a face value of Rs 10 lakh each and a tenor of 10 years in a private placement on Thursday. Indiabulls Housing said this tranche is part of its plan to raise Rs 24,000 crore in debt for which it got approval from its board last October and this January.