 "Indiabulls Housing Finance to raise Rs 625 cr via debentures")
New Delhi: Indiabulls Housing Finance is planning to raise Rs 625 crore through issuance of non-convertible redeemable debentures, the company said today.
“The company proposes to issue 6,250 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating Rs 625 crore (plus greenshoe option) on a private placement basis,” the company said in a BSE filing.
The issue will open on 30 June and close on the same day. The non-convertible redeemable debentures will have a coupon rate of 9 percent and are proposed to be listed on NSE and BSE.
Last week, the company said it is planning to raise Rs 300 crore through issuance of non-convertible redeemable debentures.
The scrip was trading 0.19 percent lower at Rs 657.60 on BSE.
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