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28-Mar2018

Indiabulls Housing Finance surges on raising Rs 1500 crore through NCDs

Indiabulls Housing Finance is currently trading at Rs. 1261.95, up by 16.95 points or 1.36% from its previous closing of Rs. 1245.00 on the BSE.

The scrip opened at Rs. 1246.10 and has touched a high and low of Rs. 1264.75 and Rs. 1241.65 respectively. So far 7735 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1439.40 on 29-Jan-2018 and a 52 week low of Rs. 921.50 on 12-Apr-2017.

Last one week high and low of the scrip stood at Rs. 1,264.75 and Rs. 1,187.00 respectively. The current market cap of the company is Rs. 53826.68 crore.

The promoters holding in the company stood at 23.69%, while Institutions and Non-Institutions held 67.35% and 8.96% respectively.

Indiabulls Housing Finance has raised Rs 1500 crore through Non-Convertible Debentures (NCDs). The company has allotted 150,000 Unsecured Redeemable Non-Convertible Subordinated Debt in the nature of Debentures of face value Rs 1 lakh each aggregating to Rs 1500 crore on March 27, 2018.

The said NCDs will be mature on March 27, 2028 and carry a coupon rate of 8.80% per annum (Payable Annually & at Maturity). They will be listed on the National Stock Exchange of India and the BSE.

Indiabulls Housing Finance is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB).



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