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Indiabulls Housing Finance to raise Rs 1600 crore via NCDs

In order to fund its business expansion, Indiabulls Housing Finance (IBHFL), one of the leading home loan providers in India, is planning to raise Rs 1600 crore through non-convertible debentures (NCDs).  The company proposes to issue up to 16,000 secured non-convertible redeemable debentures with a face value of Rs 10 lakh each aggregating to up to Rs 1600 crore  (Plus Greenshoe Option), on Private Placement basis.

IBHFL is the second largest private housing finance company in India, regulated by the National Housing Bank (NHB). The company serviced more than 8 lakh customers and has cumulatively disbursed loans of over Rs 1 lakh crore as of the last financial year.

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