Indiabulls Housing Finance Ltd approves allotment of Secured, Redeemable, NCDs on Private Placement Basis

Indiabulls Housing Finance Ltd has announced with reference to the proposal to issue, Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakhs each ('NCDs') aggregating Rs. 6000 Crores, on a private placement basis, and pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of the Board authorization dated October 21, 2016, the Company has today, March 22, 2017, allotted its eighth tranche of Secured, Redeemable, Non-Convertible Debentures of face value Rs. 10 lakh each ('NCDs') aggregating Rs.160 Crores (Rs. 150 Crore Plus Greenshoe Option of Rs. 10 Crores).

Shares of Indiabulls Housing Finance Ltd was last trading in BSE at Rs.906.75 as compared to the previous close of Rs. 933.5. The total number of shares traded during the day was 2378536 in over 3649 trades.

The stock hit an intraday high of Rs. 924.95 and intraday low of 900.3. The net turnover during the day was Rs. 2192553723.

Source : Equity Bulls

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