Indiabulls Housing Finance Ltd allots NCDs worth Rs. 7000 crores

The Bond Issue Committee of Indiabulls Housing Finance Ltd at its meeting held on September 26, 2016, approved the issue and allotment of secured redeemable non-convertible debentures and unsecured redeemable non-convertible debentures of face value of INR 1,000 each, to base Issue of INR 35,000 million with an over-subscription up to INR 35,000 million for issuance of additional NCDs aggregating up to INR 70,000 million at its meeting held on September 26, 2016, which commenced at 10:30 a.m. and concluded at 11:20 a.m.

The tenure, date of allotment date of redemption and coupon rate of the NCDs have been provided in the Schedule.

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.812.55 as compared to the previous close of Rs. 814.4. The total number of shares traded during the day was 31004 in over 1402 trades.

The stock hit an intraday high of Rs. 816.95 and intraday low of 803.8. The net turnover during the day was Rs. 25123649.

Source : Equity Bulls

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